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Business, 02.04.2020 01:53 aesmithswhs

Salt Company reports net income of $360 million for 2017; the company's tax rate is 40%. At the beginning of the year, 200 million common shares were outstanding. On July 1, Salt sold an additional 80 million shares and on October 1 distributed a 10% stock dividend. On December 1, the company reacquired 24 million of its outstanding shares.

a. The company's weighted-average shares for the purpose of calculating basic EPS will be .

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Salt Company reports net income of $360 million for 2017; the company's tax rate is 40%. At the begi...

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