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Calculate the basic eps for ryan company

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Ryan Company had net income of $400,000 for the year and paid no dividends. Ryan began the year with 100,000 shares of common stock and issued 20,000 more shares on March 1. On June 1, Ryan issued a 50% stock dividend. On November 1, Ryan issued 30,000 more shares of common stock.

Problem 1: Calculate the Basic EPS.

Reference no: EM132803427

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