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Philagem, Inc. ended 2009 with a net profit before taxes of $218,000. The company is subject to a 40% tax rate and must pay $32,000

Philagem, Inc. ended 2009 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

caculate philagem's 2009 earnings per share (eps)

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