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What were the earnings per share in the preceding year

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Problem - The net income (after income tax) of McCants Inc. was $40 per common share in the latest year and $100 per common share for the preceding year. At the beginning of the latest year, the number of shares outstanding was doubled by a stock split. There were no other changes in the amount of stock outstanding. What were the earnings per share in the preceding year, adjusted for comparison with the latest year?

Reference no: EM132684212

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