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What does modernization theory assume?
Earnings Per Share
A financial metric calculated as a company's net income divided by the number of outstanding shares, indicating the profitability per share.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, typically with fixed dividends.
Net Income
The total earnings of a company after all expenses, including taxes and operating costs, have been deducted from total revenue.
Earnings Per Share
A financial ratio that measures the amount of a company’s profit allocated to each outstanding share of common stock, indicating the company's profitability.
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