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Zonal Company has a net income of $489,500, 125,000 common shares outstanding on December 31, 2020 and no preferred shares outsanding. Calculate the EPS asuming

Zonal Company has a net income of $489,500, 125,000 common shares outstanding on December 31, 2020 and no preferred shares outsanding. Calculate the EPS asuming that there is no changes in the number of shares outsatnding.

Select one:

a. $3

b. $3.92

c. $2.94

d. $3.96

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