At January 1, 2025, Windsor Company's outstanding shares included the following. 272,000 shares of $50 par value, 8% cumulative preferred stock 922,000 shares of $1 par value common stock Net income for 2025 was $2,574,000. No cash dividends were declared or paid during 2025. On February 15, 2026, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2025. On April 1, 2025, 412,000 shares of common stock were sold for $10 per share, and on October 1, 2025, 102,000 shares of common stock were purchased for $20 per share and held as treasury stock. Compute earnings per share for 2025. Assume that financial statements for 2025 were issued in March 2026. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ LA
At January 1, 2025, Windsor Company's outstanding shares included the following. 272,000 shares of $50 par value, 8% cumulative preferred stock 922,000 shares of $1 par value common stock Net income for 2025 was $2,574,000. No cash dividends were declared or paid during 2025. On February 15, 2026, however, all preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears prior to 2025. On April 1, 2025, 412,000 shares of common stock were sold for $10 per share, and on October 1, 2025, 102,000 shares of common stock were purchased for $20 per share and held as treasury stock. Compute earnings per share for 2025. Assume that financial statements for 2025 were issued in March 2026. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ LA
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Don't give answer in image format
Transcribed Image Text:At January 1, 2025, Windsor Company's outstanding shares included the following.
272,000 shares of $50 par value, 8% cumulative preferred stock
922,000 shares of $1 par value common stock
Net income for 2025 was $2,574,000. No cash dividends were declared or paid during 2025. On February 15, 2026, however, all
preferred dividends in arrears were paid, together with a 5% stock dividend on common shares. There were no dividends in arrears
prior to 2025.
On April 1, 2025, 412,000 shares of common stock were sold for $10 per share, and on October 1, 2025, 102,000 shares of common
stock were purchased for $20 per share and held as treasury stock.
Compute earnings per share for 2025. Assume that financial statements for 2025 were issued in March 2026. (Round answer to 2
decimal places, e.g. 2.55.)
tA
Earnings per share $
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education