Ice Video Corporation had average common shareholders' equity of $423,785.The company had net income during the year of $213,465.There were 258,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate earnings per share (round to the nearest cent).

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The Answer of Ice Video Corporation had average common shareholders' equity of $423,785.The company had net income during the year of $213,465.There were 258,000 shares of common stock outstanding throughout the year and no preferred stock at any time.Calculate earnings per share (round to the nearest cent).

Ice Video Corporation Had Average Common Shareholders' Equity of $423,785