Homework Answers
Answer:
| Net income = Sales - Cost of goods sold - Operating expenses - Tax expense |
| = $962,000-804,000-84,000-17,000 |
| = $57,000 |
| Earnings per share = Net income / Weighted average number of common shares outstanding |
| = $57,000 / 134,000 |
| = $0.4254 i.e $0.43 |
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