determine the earnings per share for each company round to the nearest cent 554407
EX 13-25 EPS
OfficeMax and Staples are two companies competing in the retail office supply business. OfficeMax had a net income of $667,000 for a recent year, while Staples had a net income of $738,671,000. OfficeMax had preferred stock of $36,479,000 with preferred dividends of $2,818,000. Staples had no preferred stock. The outstanding common shares for each company were as follows:
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determine the earnings per share for each company round to the nearest cent 554407
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|
Average Number of |
|
|
Common Shares Outstanding |
|
|
OfficeMax |
77,483,000 |
|
Staples |
721,838,000 |
a. Determine the earnings per share for each company. Round to the nearest cent.
b. Evaluate the relative profitability of the two companies.
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