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Evaluate the basic earnings per share

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Reference no: EM13538434

Ringemup, Inc., had net income of $473,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 38,000 shares of $4.50, $50 par value preferred stock, and 105,000 shares of common stock.

Required:

Calculate the basic earnings per share of common stock for fiscal 2010.

Reference no: EM13538434

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