For 2009, Flamingo Products had a net income of $1,000,000. At dec.  2009, there were 800,000 shares outstanding. The company paid $200,000 in interest payments to creditors.  What is Flamingo's basic earnings per share for 2009?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
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Chapter3: Evaluation Of Financial Performance
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For 2009, Flamingo Products had a net income of $1,000,000. At dec.  2009, there were 800,000 shares outstanding. The company paid $200,000 in interest payments to creditors. 

What is Flamingo's basic earnings per share for 2009?

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