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What is johnson basic eps

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Reference no: EM132946962

Question - Johnson Company has net income of $10,000 and paid $1,000 cash dividends to its preferred shareholders and $1,750 cash dividends to its common shareholders. At the beginning of the year, there were 10,000 shares of common stock outstanding. 2,000 new shares were issued on July 1. Assuming a simple capital structure, what is Johnson's basic EPS?

Reference no: EM132946962

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