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Brief Exercise 14-08 Ziegler Corporation reports net income of $380,000 and a weighted-average of 200,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock.

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Answer:

$1.9

Step-by-step explanation:

The computation of the earning per share is shown below:

Earning per share is

= Net income ÷ Weighted number of oustanding shares

= $380,000 ÷ 200,000 shares

= $1.9

By simply divide the net income from the Weighted number of oustanding shares, the earning per share could be determined

Hence, the earning per share is $1.9

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