Homework Answers
Weighted average share outstanding = 840000*1.25 = 1050000 Shares
| Numerator | / | Denominator | = | Earning per share |
| (Net income-Preferred dividend) | / | Share outstanding | = | Earning per share |
| (2400000-15000) | / | 1050000 | = | 2.27 per share |
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2..
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