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Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its...

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Accounting

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Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At yearand, the company had 370,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? 2. What is the company's basic earnings per share (EPS)

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