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Lily Corporation reports net income of $256,000 and a weighted-average of 160,000 shares of common stock outstanding for the year. Compute the earnings per share

Lily Corporation reports net income of $256,000 and a weighted-average of 160,000 shares of common stock outstanding for the year. Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 2.25.) Earnings per share $

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