At December 31, 2018, Sheridan Company had 493000 shares of common stock issued and outstanding,...
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Accounting
At December 31, 2018, Sheridan Company had 493000 shares of common stock issued and outstanding, 393000 of which had been issued and outstanding throughout the year and 100000 of which were issued on October 1, 2018. Net income for the year ended December 31, 2018, was $1706000. What should be Sheridan's 2018 earnings per common share, rounded to the nearest penny
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