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For Year 2 Daisy Corporation reported net income of $60; net sales $800; and average shares outstanding 6. There were no preferred stock dividends. What were the Year 2 earnings per share for Daisy

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Ritmeks

Answer:

$10

Explanation:

Daisy corporation reported a net income of $60

Net sales of $800

Average shares outstanding of 6

Therefore the earnings per share of Daisy corpora tion on year 2 can be calculated as follows.

= net income/Average shares outstanding

= $60/6

= $10

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