Marquise Corporation had average common shareholders' equity of $816,667.The company has no preferred stock.Net income for the year was $147,000.Earnings per share was $1.50.Calculate the weighted average number of common shares outstanding during the year.

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The Answer of Marquise Corporation had average common shareholders' equity of $816,667.The company has no preferred stock.Net income for the year was $147,000.Earnings per share was $1.50.Calculate the weighted average number of common shares outstanding during the year.

Marquise Corporation Had Average Common Shareholders' Equity of $816,667