Approximate earnings per share


The Handy Dandy Corporation has an income statement which indicates that Operating Income is $2,375,486 and Net Profit is $1,375,486. The Corporation currently has 2 million shares of common stock outstanding and 1 million shares of preferred stock which pays a dividend of $1.00 per share. What is this corporation's approximate Earnings per Share?

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Finance Basics: Approximate earnings per share
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