Daytona Corporation had 800000 shares of common stock outstanding during the year. Daytona declared and paid cash dividends of $400000 on the common stock and $320000 on the preferred stock. Net income for the year was $1760000. What is Daytona's earnings per share?

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The Answer of Daytona Corporation had 800000 shares of common stock outstanding during the year. Daytona declared and paid cash dividends of $400000 on the common stock and $320000 on the preferred stock. Net income for the year was $1760000. What is Daytona's earnings per share?

Daytona Corporation Had 800000 Shares of Common Stock Outstanding During