Murray company reports net income of $770000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 280,000 shares.Compute its basic earnings per share.

nore years. How should the effects of this decision be reported in the current-year financial statements nyCompany reports net income of $770,000 for the year. It has no preferred stock, and its weighted inge com mon shares outstanding is 280,000 shares. Compute its basic earnings per share. hou nf common shares putstanding du