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Poison Corporation holds 7 0 percent of Snake Company's voting common shares but none of its preferred shares. Summary balance sheets for the companies on
Poison Corporation holds percent of Snake
Company's voting common shares but none of its
preferred shares. Summary balance sheets for the
companies on December X are as follows:
Neither of the preferred issues is convertible.
Poison's preferred pays a percent annual dividend
and Snake's preferred pays a percent dividend.
Snake reported net income of $ and paid a
total of $ of dividends in Poison reported
$ of income from its separate operations and
paid total dividends of $ in
Required:
Compute consolidated EPS. Ignore any tax
consequences.
Note: Round your answer to decimal places.
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