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How is earnings per common share calculated? a. Operating profit divided by the average number of common stock shares outstanding. b. Net profit divided by

How is earnings per common share calculated?

	a.	Operating profit divided by the average number of common stock shares outstanding.
	b.	Net profit divided by the average number of common and preferred stock shares outstanding.
	c.	Operating profit divided by the average number of repurchased common stock shares.
	d.	Net profit divided by the average number of common stock shares outstanding.

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