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A company has net sales of $2,532,000, a profit margin of 8.7%. If there are 16,000 common shares outstanding, calculate the earnings per share. Select

A company has net sales of $2,532,000, a profit margin of 8.7%. If there are 16,000 common shares outstanding, calculate the earnings per share.

Select one:

a. $14.06

b. $13.53

c. $13.18

d. $13.91

e. $13.77

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