Question: . ( Computing earnings per share ) If ABC Company earned $ 2 8 0 , 0 0 0 in net income and paid cash

(Computing earnings per share)

If ABC Company earned $280,000 in net income and paid cash dividends of $40,000, what areABC's earnings per share if it has 80,000 sharesoutstanding? The earnings per share of ABC Company is $_________. (Round to the nearestcent.)

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