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Determine farrow basic earnings per share

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Question - In 2014 Farrow Ltd. earned gross revenues of $2,500,000 and had net income of $480,000. During 2014 the company had 200,000 common shares outstanding and its average shareholders' equity was $1,000,000. Determine Farrow's basic earnings per share for 2014?

Reference no: EM133161579

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