At december 31, 2013, the balance sheet of Darwin Corporation included 8 million common shares and 4
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At december 31, 2013, the balance sheet of Darwin Corporation included 8 million common shares and 4 million nonconvertible preferred shares. On July1, 2014., darwin issued a 5 for 4 stock split on its common shares and paid $10 million cash dividends on the preferred stock. Net income for the year ended December 3, 2014, was 40 million. Darwins 2014 EPS should be:
- $1.25.
- $1.80
- $2.50
- $3.00
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Common shares at the beginning 8 million A stock split ... View the full answer
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