Question: Computing Financial Statement Measures The following pretax amounts are taken from the accounting records of Mastery Inc. on December 3 1 , its annual year

Computing Financial Statement Measures The following pretax amounts are taken from
Computing Financial Statement Measures
The following pretax amounts are taken from the accounting records of Mastery Inc. on
December 31, its annual year-end. Assume that the income tax rate for all items is 25%.
The average number of common shares outstanding during the year was 20,000.
Required
Compute the following amounts for the current year-end financial statements.
Do not use negative signs with any of your answers.
Enter the answer for earnings per share in dollars and cents, rounded to the nearest
penny.
the accounting records of Mastery Inc. on December 31, its annual year-end.

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