Ringemup inc had net income of 471700 for its fiscal year

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Ringemup, Inc., had net income of $471,700 for its fiscal year ended October 31, 2010. During the year the company had outstanding 37,900 shares of $3.60, $55 par value preferred stock, and 107,000 shares of common stock.

Calculate the basic earnings per share of common stock for fiscal 2010. (Round your answer to 2 decimal places.

Reference no: EM13600399

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