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29 November, 19:45

Mayan Company had net income of $32,830. The weighted-average common shares outstanding were 9,800. The company has no preferred stock. The company's earnings per share is: Multiple Choice $3.35. $5.00. $3.41. $3.29. $1.61.

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  1. 29 November, 20:43
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    If the company has no preferred stock the formula for finding the earning per share of a company is to divide net income by the average common shares outstanding. Because by doing this we can find out how much the company earned per share.

    EPS = Net income / Average common shares outstanding.

    EPS = 32,830/9800 = 3.35

    The answer is $3.35 is the earnings per share Mayan Company.
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