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ABC Corporation reported net income of $200,000 for the year. If the weighted average number of common shares outstanding was 50,000 shares, calculate the earnings

ABC Corporation reported net income of $200,000 for the year. If the weighted average number of common shares outstanding was 50,000 shares, calculate the earnings per share (EPS) for ABC Corporation. Requirements: a. Determine the weighted average number of common shares outstanding. b. Calculate the EPS. c. Determine the impact of EPS on shareholder returns.

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