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Example: Ahmad Company ended 2019 with a net profit before taxes of $218,000. The company is subject to a 40% tax rate and must pay

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Example: Ahmad Company ended 2019 with a net profit before taxes of $218,000. The company is subject to a 40% tax rate and must pay $32,000 in preferred stock dividends before distributing any earnings on the 85,000 shares of common stock currently outstanding, a. Calculate Ahmad's 2019 earnings per share (EPS)

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