(Answered) Determine earnings per share based on the information and

Accounting

Determine Earnings Per Share (EPS) based on the information below. Be sure to label your answer clearly and show all work.Snow Cleaners, Inc., had net income of $494,592 for its fiscal year ended November 30, 2007. During the year, the company had outstanding 64,000 shares of 12 percent $40 par value preferred stock, and 37,280 shares of common stock.

Determine the earnings per share of common stock for the 2007 fiscal year.

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