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Problem
Financial statement data for years ending December 31 for Jardine Company areshownbelow
Earnings Per Share
Financial statement data for years ending December 31 for Jardine Company are shown below.
2014
2013
Net income
$219,000
$180,500
Preferred dividends
$33,000
Average number of common shares outstanding
60,000 shares
50,000 shares
a. Determine the earnings per share for 2014 and 2013. Round your answers to two decimal places.
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