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    cwaller Posts: 19, Reputation: 1
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    Oct 23, 2010, 10:22 AM
    Accounting help
    A company reported net income of $6 million. During the year the average number of common shares outstanding was 3 million. The price of a share of common stock at the end of the year was $5. There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative.

    The EPS is approximately:

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