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During the Current Year, Tapir Corporation Had 160,000 Shares of $5

Question 20

Essay

During the current year, Tapir Corporation had 160,000 shares of $5 par value common stock and 30,000 shares of 5%, $20 par value preferred stock outstanding. Tapir Corporation's net income is $480,000.
Compute the primary earnings per share for the year.

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