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The balance sheet for Appalachian Corporation at the end of the current year includes the following: Net income was $565,000 and income tax expense for
The balance sheet for Appalachian Corporation at the end of the current year includes the following: Net income was $565,000 and income tax expense for the current year amounted to $285,000. Cash dividends paid on common stock were $200,000, and the common stock was selling for $28 per share at the end of the year. There were no ownership changes during the year. Determine each of the following: (Round earnings per share to 2 decimal places, e.g. 2.25 and all other answers to 1 decimal place, e.g. 5.2.)
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