Question: Voodoo Incorporated recently reported record earnings for the fourth consecutive quarter. The company also reported annual revenues of $85 million and announced that they would
Voodoo Incorporated recently reported record earnings for the fourth consecutive quarter. The company also reported annual revenues of $85 million and announced that they would be paying $2.50 per share in dividends again this quarter. The Controller noted that the dividend would consume all of the companys net income for the quarter, leaving no change in retained earnings on the balance sheet. What are Voodoo Incorporateds earnings per share for the previous quarter?
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