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Rice Inc. had 420 million shares of common stock and 1 million shares of 6%, $200 par, cumulative preferred stock outstanding at the end of 2020 and 2021. No dividends were declared or paid on either class
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Rice Inc. had 420 million shares of common stock and 1 million shares of 6%, $200 par, cumulative preferred stock outstanding at the end of 2020 and 2021. No dividends were declared or paid on either class of stock in either year. Net income for 2021 was $398.4 million. The company's tax rate is 25%. Required: Compute basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.)

User Frhack
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16 votes
16 votes
December 31, 2021 :))))))
User Pinkesh Sharma
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