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Last year Momcorp had an operating profit of S600.000 and paid $50,000 in interest expenses and $63,000 in preferred stock dividends. The applicable income tax

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Last year Momcorp had an operating profit of S600.000 and paid $50,000 in interest expenses and $63,000 in preferred stock dividends. The applicable income tax rate for the year was 34 percent. The company had 100,000 shares of common stock outstanding at the end of last year. What was the amount of Momcorp's earnings per share last year? If the company paid $ 1.00 per share to its common stockholders, what was the addition to retained earnings last year

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