Question: EX . 1 7 - 1 8 7 . ALGO A company reports the following: Net income $ 3 5 7 , 0 5 0

EX.17-187.ALGO A company reports the following:
Net income $357,050
Preferred dividends $26,450
Shares of common stock outstanding 38,000
Market price per share of common stock $25.23
Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.

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