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Norman corporation had 250000 shares of common stock

Question - Norman Corporation had 250,000 shares of common stock outstanding during the year. Norman declared and paid cash dividends of $200,000 on the common stock and $160,000 on the preferred stock. Net income for the year was $880,000. What is Norman's earnings per share?

a. $2.08

b. $2.72

c. $2.88

d. $3.52

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Accounting Basics: Norman corporation had 250000 shares of common stock

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