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What is? newcastle earnings per? share

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Reference no: EM132841172

Problem 1: Newcastle Enterprises had net income for 2024 of $106,000. Newcastle had 35,000 shares of common stock outstanding at the beginning of the year and 50,000 shares of common stock outstanding at the end of the year. There were 8,000 shares of preferred stock outstanding all year. During? 2024, Newcastle declared and paid preferred dividends of $26,000. What is? Newcastle's earnings per? share?

A: $2.49
B: $1.88
C: $1.60
D: $2.12

Reference no: EM132841172

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