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Calculate earnings per share: a. Net income, $240,000 b. Preferred shares issued, 6,000 c. Average number of common stock shares issued, 24,000 d. Cash dividends

Calculate earnings per share:

a. Net income, $240,000

b. Preferred shares issued, 6,000

c. Average number of common stock shares issued, 24,000

d. Cash dividends declared and paid on common stock, $30,000

e. Market price per share, $36

f. Average treasury shares of common stock, 4,000

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