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Amy Dyken, controller at Fitzgerald Pharmaceutical Industries, a public company, is currently preparing the calculation for basic and diluted earnings per share and the related disclosure for Fitzgeralds financial statements. Below is selected financial information for the fiscal year ended June 30, 2012
FITZGERALD PHARMACEUTICAL INDUSTRIES SELECTED BALANCE SHEET INFORMATION JUNE 30, 2012
$1,148,000
5,063,000
6,094,000
$12,305,000
$1,492,700
1,005,800
4,015,500
6,017,600
$12,531,600
The following transactions have also occurred at Fitzgerald.
For the fiscal year ended June 30, 2012, calculate the following for Fitzgerald Pharmaceutical Industries. (Round the answers to 2 decimal places, e.g. $2.45.) (a) Basic earnings per share.
(b) Diluted earnings per share.
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