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QS 11-14 Basic earnings per share LO A1 Murray Company reports net income of $855,500 for the year. It has no preferred stock, and its

QS 11-14 Basic earnings per share LO A1

Murray Company reports net income of $855,500 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 290,000 shares. Compute its basic earnings per share.

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