Myrtle Corporation began the year with a simple capital structure consisting of 480,000 shares of outstanding common stock. On April 1, 10,000 additional common shares were issued, and another 60,000 common shares were issued on August 1. The company had net income for the year of $589,375. Calculate the earnings per share of common stock. Round to two decimal points.

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A: Formula: EPS = ( Net income - Preferred dividends ) / Total weighted average outstanding shares

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A: Answer:   975

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A:

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A: EARNING PER SHAREEarning Per Share is the Ratio Between Net Operating Income for Common Shareholders…

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A: The stock that all the company's shareholders owns is referred to as shares outstanding. The number…

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A: Total Shareholders' Equity  = Common Stock + Retained Earnings

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