Ringemup inc had net income of 498100 for its fiscal year

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Ringemup, Inc., had net income of $498,100 for its fiscal year ended October 31, 2010. During the year the company had outstanding 37,000 shares of $3.20, $45 par value preferred stock, and 107,000 shares of common stock.Calculate the basic earnings per share of common stock for fiscal 2010.

Reference no: EM13572881

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