Solved: Computing the earnings per share, Financial Accounting

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Computing the earnings per share

Response to the following problem:

In 2012, Esther Corporation reported net income of $600,000. It declared and paid preferred stock dividends of $150,000 and common stock dividends of $60,000. During 2012, Esther had a weighted average of 200,000 common shares outstanding.

Compute Esther's 2012 earnings per share.

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Financial Accounting: Computing the earnings per share

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