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Calculate the earnings pershare of common stock

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Reference no: EM132803426

Problem 1: The Summer Coporation began the year with a simple capital structure consisting of 480,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 60,000 common shares were issued on August 1. The company had net income for the year of $589,375. Calculate the earnings pershare of common stock.

Reference no: EM132803426

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