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QS 13-14 Basic earnings per share LO A1 Murray Company reports net income of $936,000 for the year. It has no preferred stock, and its

QS 13-14 Basic earnings per share LO A1 Murray Company reports net income of $936,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 390,000 shares. Compute its basic earnings per share.

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