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The following information is available for Amanda Co. for the current year. Common shares outstanding150,000Preferred stock dividend declared and paid$90,000Net income$300,000 Calculate the company's earnings

The following information is available for Amanda Co. for the current year.

Common shares outstanding150,000Preferred stock dividend declared and paid$90,000Net income$300,000

Calculate the company's earnings per share.

a.$2.00

b.$2.60

c.$1.10

d.$1.40

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