Question: Determine the earnings per share (EPS) for Facebook, Inc. using the given information: Net Income: $10,000,000 Preferred Dividends: $2,000,000 Weighted Average Common Shares Outstanding: 5,000,000

Determine the earnings per share (EPS) for Facebook, Inc. using the given information:

  • Net Income: $10,000,000
  • Preferred Dividends: $2,000,000
  • Weighted Average Common Shares Outstanding: 5,000,000

Apply the EPS formula and present the result. 

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