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13. (2 points) Penning Corporation reported the following: Net income Dividends on common stock Dividends on preferred stock Weighted average common shares outstanding $945,000 $50,000
13. (2 points) Penning Corporation reported the following: Net income Dividends on common stock Dividends on preferred stock Weighted average common shares outstanding $945,000 $50,000 $90,000 200,000 What should Penning report as its earnings per share? Round your answer to the nearest penny
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