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18 February, 12:51

3) The Bissiges Baby Corporation had current year net income of $237,500. It paid preferred dividends of

$40,000 cash and had 480,000 weighted-average shares of common stock outstanding. Calculate the

corporation's earnings per share.

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  1. 18 February, 16:28
    0
    The earnings per chare for the Baby Corporation was:

    EPS = $0.14

    This means that the profit generated to their stockholders was $0.14 in that given year.

    Explanation:

    To calculate the Earnings Per Share of the Baby Corporation you must follow the formula below.

    Earnings Per Share = net income - preferred dividends / average outstanding common shares then,

    EPS = ($237,500 - $40,000) / 480,000

    EPS = $0.14
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