Question: RAR Corporation had net income for 2014 of 40 000
RAR Corporation had net income for 2014 of $ 40,000. RAR had 13,500 shares of common stock outstanding at the beginning of the year and 14,000 shares of common stock outstanding as of December 31, 2014. During the year, RAR declared and paid preferred dividends of $ 3,000. Compute RAR’s earnings per share.
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