Fast Track Co. had 120,000 shares of common stock outstanding on January 1st, 2021. On...
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Fast Track Co. had 120,000 shares of common stock outstanding on January 1st, 2021. On May 1st the company performed a 2-for-1 stock split and on October 1st the company issued 60,000 common shares for cash. Net income for 2021 was $277,539. What is Fast Track's earnings per share for 2021? (Round to the nearest 2 decimal places: X.XX)
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