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  3. michaels, inc. reports $4,974,000 of net income in

Michaels, Inc. reports $4,974,000 of net income in 2022. During 2022, Michaels had: 2,628,000 shares...

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Accounting

Michaels, Inc. reports $4,974,000 of net income in 2022. During 2022, Michaels had: 2,628,000 shares of common stock outstanding - dividends of $2.53 paid on each. 85,000 shares of preferred stock outstanding - dividends of $5.00 paid on each. 123,000 stock options outstanding. The options allow the holder to purchase a share of Michales common stock for $24.00. The average price of Michaels common stock was $37.00 in 2022. Michaels' 2022 basic earnings per share, to the nearest penny, is

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