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Burns Company reported $664.480 million in net income in 2021. On January 1, 2021, the company...

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Accounting

Burns Company reported $664.480 million in net income in 2021.On January 1, 2021, the company had 398 million shares of commonstock outstanding. On March 1, 2021, 22.8 million new shares ofcommon stock were sold for cash. On June 1, 2021, the company'scommon stock split 2 for 1. On July 1, 2021, 6.8 million shareswere reacquired as treasury stock.

Required: Compute Burns' basic earnings per share for the yearended December 31, 2021. (Round your answer to 2 decimalplaces.)

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