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Please show how to work the problem step by step with formula. Thank you. Given the following information, calculate the earnings per share. ** Round
Please show how to work the problem step by step with formula. Thank you.
Given the following information, calculate the earnings per share. ** Round to the nearest cent.
Earnings before depreciation and taxes $1,600,000
Depreciation expense $100,000
Tax rate 26%
Common dividends paid $200,000
Number of shares of common stock outstanding 500,000
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