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If the Marifield Steel Fabrication Company earned $524,000 in net income and paid a cash dividend...

If the Marifield Steel Fabrication Company earned $524,000 in net income and paid a cash dividend of $320,000 to its stockholders, what are the firm's earnings per share if the firm as 100,000 shares of stock outstanding?

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Answer #1

Earnings per share=Net income/outstanding shares

EPS=524000/100000

EPS=5.24

  

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