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Calculate the basic earnings per share

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Question - Marx Inc. had 36,100 common shares on January 1, 2021. On May 1, 2,880 common shares were repurchased and retired. On August 31 and November 30, 9,720 and 5,640 common shares were issued, respectively. Marx reported net income of $335,000. Marx also had 10,100 $2 noncumulative preferred shares, on which the dividend for the current year was declared and paid. Calculate the basic earnings per share.

Reference no: EM133144664

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