Question: Financial statement data for the year ending December 31 for Langford Company is shown below: Net income $450,000 Preferred dividends 50,000 Average number of common

Financial statement data for the year ending December 31 for Langford Company is shown below:

Net income $450,000
Preferred dividends 50,000
Average number of common shares outstanding 80,000 shares

What is earnings per share for the year? a.$5.63

b.$6.25

c.None of these choices are correct.

d.$5.00

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