Shares of common stock outstanding

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Michaels, Inc. reports $2,571,000 of net income in 2022.

During 2022, Michaels had:

2,267,000 shares of common stock outstanding - dividends of $1.74 paid on each.

66,000 shares of preferred stock outstanding - dividends of $3.00 paid on each.

106,000 stock options outstanding. The options allow the holder to purchase a share of Michales common stock for $23.00. The average price of Michaels common stock was $35.00 in 2022.

Michaels' 2022 basic earnings per share, to the nearest penny, is

Reference no: EM133205657

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