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  3. the net income of foster furniture, inc., amounted

The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year. 1....

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Accounting

The net income of Foster Furniture, Inc., amounted to $1,700,000 for the current year.

1. Compute the amount of earnings per share assuming that the shares of capital stock outstanding throughout the year consisted of: (Round your answers to 2 decimal places.)

a. 400,000 shares of $1 par value common stock and no preferred stock.

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