Candy Corporation had pretax profits of $1.2 million, an average tax r

QUESTION

Candy Corporation had pretax profits of $1.2 million, an average tax rate of 34 percent, and it paid preferred stock dividends of $50,000. There were 100,000 shares outstanding and no interest expense. What were Candy Corporations earnings per share?

14)

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A)

$7.59

ANSWER:

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