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Murray Company reports net income of $687,500 for the year. It has no preferred stock, and...

Murray Company reports net income of $687,500 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 250,000 shares.
  
Compute its basic earnings per share.
  

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Answer #1

687500 net income weighted average common shares outstanding 250000 shares basic earning per share 2.75 basic earning per sha

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