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NEZNEZ Corporation had net income for 2018 of $36,500. NEZNEZ had 1,800 shares of common stock...

NEZNEZ Corporation had net income for 2018 of $36,500. NEZNEZ had 1,800 shares of common stock outstanding at the beginning of the year and 24,200 shares of common stock outstanding as of December​ 31, 2018. During the​ year, NEZNEZ declared and paid preferred dividends of $20,250. Compute NEZNEZ​'s earnings per share. Select the​ formula, then enter the amounts to calculate NEZNEZ ​Corporation's earnings per share as of December​ 31, 2018. ​(Abbreviations used: Ave.​ = average, OS​ = outstanding, SE​ = stockholders'​ equity, shrs​ = shares. Round earnings per share to the nearest​ cent.)

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Choose numerator Choose Denominator Earnings per share
(Net Income - Preferred stock dividend) (Weighted average no. of common shares outstanding) Earnings per share
$16,250 [36500 - 20250]                                                    13,000 [(1800 + 24200)/2 $1.25 Answer
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