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Ewing Corporation began the year with a simple capital structure consisting of 3 5 , 0 0 0 shares of common stock outstanding. On May

Ewing Corporation began the year with a simple capital structure consisting of 35,000 shares of common stock outstanding. On May 1,10,000 additional common shares were
issued, and another 10,000 common shares were issued on September 1. The company had a net income for the year of $468,000. Calculate the earnings per share of common stock.
Earnings per Share $Answer
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