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Bixby, Inc. reported net income of $28 million. During the year the average number of common shares outstanding was 4 million. The price of
Bixby, Inc. reported net income of $28 million. During the year the average number of common shares outstanding was 4 million. The price of a share of common stock at the end of the year was $5. There were 800,000 shares of preferred stock outstanding on average and no dividends were declared. The EPS is approximately: D Multiple Choice $0.14. $6.76.
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
