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(Computing earnings per share) If Raines Company earned $240,000 in net income and paid cash dividends of $80,000, what are Raines's earnings per share if

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(Computing earnings per share) If Raines Company earned $240,000 in net income and paid cash dividends of $80,000, what are Raines's earnings per share if it has 75,000 shares outstanding? The earnings per share of Raines Company is (Round to the nearest cent)

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