Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in common shares outstanding occurred during the year, Jan. 1 90,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted average outstanding shares Earnings por share
Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in common shares outstanding occurred during the year, Jan. 1 90,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares.. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted average outstanding shares Earnings por share
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Vishnu
Transcribed Image Text:Horticultural Products Inc. reported $1,022,740 profit in 2020 and declared preferred dividends of $63,100. The following changes in
common shares outstanding occurred during the year,
Jan. 190,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 20,000 common shares.
Nov. 1 Sold 40,000 common shares..
Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings
per share" answer to 2 decimal places.)
Weighted average outstanding shares
Earnings por share
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