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

image text in transcribed Following is the balance sheet of Vernon Company for Year 3: The average number of common stock shares outstanding during Year 3 was 850 shares. Net income for the year was \\( \\$ 16,000 \\). Required Compute each of the following: Note: Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45

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