Question: RUT Corporation had net income for 2016 of 36 400 RUT
RUT Corporation had net income for 2016 of $36,400. RUT had 2,400 shares of common stock outstanding at the beginning of the year and 20,000 shares of common stock outstanding as of December 31, 2016. During the year, RUT declared and paid preferred dividends of $5,040. Compute RUT’s earnings per share.
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