Determining the basic earnings per share

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Epic Company earned a net income of $900,000 this year. The number of common shares outstanding during the entire year was 400,000,and preferred shareholders received a $20,000 cash dividend. Compute Epic Company's basic earnings per share.

Reference no: EM13258823

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Determining the basic earnings per share : Epic Company earned a net income of $900,000 this year. The number of common shares outstanding during the entire year was 400,000,and preferred shareholders received a $20,000 cash dividend. Compute Epic Company's basic earnings per share.
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