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Earnings Per Share (EPS) Calculation: Requirements: Calculate the earnings per share using the following information: Net Income: $80,000 Preferred Dividends: $10,000 Average Number of Common

Earnings Per Share (EPS) Calculation:

Requirements: Calculate the earnings per share using the following information:
- Net Income: $80,000
- Preferred Dividends: $10,000
- Average Number of Common Shares Outstanding: 20,000

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