Question: Compute basic earnings per share considering the following information: Common stock, $5 par, outstanding throughout 2020: 30,000 shares Common stock dividends declared and paid, 2020:

Compute basic earnings per share considering the following information:

Common stock, $5 par, outstanding throughout 2020: 30,000 shares Common stock dividends declared and paid, 2020: $80,000 Net Income: $140,000

Compute the required EPS amounts. Round earnings per share amounts to two decimal places.

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