Earnings per Share Lucky Corporation began the year with a simple capital structure consisting of 200,000...

Earnings per Share
Lucky Corporation began the year with a simple capital structure consisting of 200,000 shares of outstanding common stock. On April 1, 20,000 additional common shares were issued, and another 40,000 common shares were issued on August 1. The company had net income for the year of $582,000. Calculate the earnings per share of common stock. Round to two decimal points.

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