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For 2022, Oriole Company reported net income of $36000, net sales $416500, and average share outstanding of 15500. No pr...

For 2022, Oriole Company reported net income of $36000, net sales $416500, and average share outstanding of 15500. No preferred dividends were paid. Earnings per share is

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Answer #1

Earnings per share=net income/average share outstanding

=36000/15500

which is equal to

=$2.32(Approx).

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