Question: Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 80,000 shares Average number

Financial statement data for the year ending December 31 for Langford

Financial statement data for the year ending December 31 for Langford Company are as follows: Net income $450,000 Preferred dividends $50,000 80,000 shares Average number of common shares outstanding Compute the earnings per share for the year, a. $6.25 O b. $5.63 O c. $5.00 O d. None of these choices are correct

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