Compute the amount of earnings per share

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Reference no: EM131291818

The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year.

1. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: (Round your answers to 2 decimal places.)

a. 400,000 shares of $1 par value common stock and no preferred stock.

Reference no: EM131291818

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