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  3. a corporation reported net sales of $360,000, net

A corporation reported net sales of $360,000, net income of $20,000, average stockholders'...

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Accounting

A corporation reported net sales of $360,000, net income of $20,000, average stockholders' equity of $1,000,000, and average common shares outstanding of 10,000. It paid $4,000 of dividends to preferred stockholders. How much was its eamings per share?
$4.00
$1.60
$16.67
$2.67
$0.06
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