Question: Computing Earnings Per share. Madame C.J. Walker Manufacturing has its first offering of 10,000,000 common shares (its initial public offering or IPO) on January 1,

Computing Earnings Per share.

Madame C.J. Walker Manufacturing has its first offering of 10,000,000 common shares (its initial public offering or IPO) on January 1, 2019.

On July 1, it issues another 6,000,000 common shares. Net income for 2019 is $82,000,000. Preferred dividends are $12,000,000.

Compute Madame Walkers Earnings Per Share (EPS) for 2019

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