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Following is the balance sheet of Franklin Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 850

image text in transcribedimage text in transcribed Following is the balance sheet of Franklin Company for Year 3 : The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was $14,400. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45.)

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