Neon Blue Co ​
the Earnings for the Current Year Were $325,000

Essay

Neon Blue Co.provided the following summarized balance sheet as of the end of the current year.
​​ $$\begin{array} { | l | r | } \hline \text { Common Stock, } \$ 10 & \$ 6,500,000 \\\hline \text { Paid-In Capital in Excess of Par-Common Stock } & 950,000 \\\hline \text { Retained Earnings } & 850,000 \\\hline\end{array}$$ ​
The earnings for the current year were $325,000.Compute the earnings per share of common stock.