Question: Allard Corporation had 6 0 , 0 0 0 shares ofcumulative preferred stock. and 8 1 . 0 0 0 shares ofpar common stock outstanding

Allard Corporation had 60,000 shares ofcumulative preferred stock. and 81.000 shares ofpar common stock outstanding throughout the year. Net income for the year was, and Allard declared and distributed a cash dividend ofper share on its common stock. What was the company/s earnings per share of common stock? Notes Round your anower to two decimal points. 578.0016.90

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