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2 part question but its 1 question USE THE FOLLOWING INFORMATION FOR # X 5 Net income after tax = $654,855 Common shares outstanding at

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USE THE FOLLOWING INFORMATION FOR # X 5 Net income after tax = $654,855 Common shares outstanding at the beginning of the year = 333,200 shares In addition the following stock changes occurred during the year: July 1 shares reacquired into tre The following dividend was declared to preferred shareholde Number of cumulative, non-convertible preferred shares, $2.00 par value per share - 100,000 shares outstanding all year Dividend declared to preferred shareholders = 3% of par value. Compute net income available to common shareholders D Question 5 3 pts Compute basic earnings per share

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