Neon Blue Co. provided the following balance sheet data as of the end of the current...

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Neon Blue Co. provided the following balance sheet data as of the end of the current year: Common stock, $10 par Preferred 8% stock, $50 par Retained earnings $6,500,000 950,000 850,000 The earnings for the current year were $401,000. Preferred dividends of $76,000 were declared and paid. Compute the earnings per share of common stock. Neon Blue Co. provided the following balance sheet data as of the end of the current year: Common stock, $10 par Preferred 8% stock, $50 par Retained earnings $6,500,000 950,000 850,000 The earnings for the current year were $401,000. Preferred dividends of $76,000 were declared and paid. Compute the earnings per share of common stock.

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Calculate the number of common shares outstanding Common Stock Value 6500000 Par Value per Sha... View the full answer