Question: Quantum Technology had 669 000 of retained earnings on December 31
Quantum Technology had $669,000 of retained earnings on December 31, 2013. The company paid common dividends of $35,500 in 2013 and had retained earnings of $576,000 on December 31, 2012. How much did Quantum Technology earn during 2013 and what would earnings per share be if 47,400 shares of common stock were outstanding?
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