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FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The following information is available for Splish Brothers Inc. and Novak Corp.:
Splish Brothers Inc.
Novak Corp.
(in millions)
2022
2021
2022
2021
Preferred dividends
22
9
27
Net income
545
475
515
565
Shares outstanding at the end of the
215
175
160
195
year
Shares outstanding at the beginning of
175
160
195
215
the year
Based on this information, what is the amount of Splish Brothers Inc. earnings per share (rounded to two decimals) for 2022?
O $ 1.50
O $ 1.34
O $ 2.94
O $ 2.68

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