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    earnings per share

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    8. Snow Cleaners, Inc., had net income of $494,592 for its fiscal year ended November 30, 2009. During the year, the company had outstanding 64,000 shares of 12 percent $40 par value preferred stock, and 37,280 shares of common stock. Calculate the earnings per share of common stock for the 2009 fiscal year.

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    Solution Preview

    EPS:

    net income less preferred ...

    Solution Summary

    Formula and computations given.

    $2.19

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