Horticultural Products Inc. reported $1,324,050 profit in 2023 and declared preferred dividends of $65,100. The following changes in common shares outstanding occurred during the year. pan. 1 102,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 40,000 common shares. Nov. 1 Sold 20,000 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 per share
Horticultural Products Inc. reported $1,324,050 profit in 2023 and declared preferred dividends of $65,100. The following changes in common shares outstanding occurred during the year. pan. 1 102,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 40,000 common shares. Nov. 1 Sold 20,000 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 per share
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Horticultural Products Inc. reported $1,324,050 profit in 2023 and declared preferred dividends of $65,100. The following changes in
common shares outstanding occurred during the year.
pan. 1 102,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 40,000 common shares.
Nov. 1 Sold 20,000 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 per share](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1f6cae48-e3e9-42c1-84f3-d2a0acd470c4%2Fd321cce3-2891-4d79-986c-f6b82fb4f0cf%2Fqruvbsb_processed.png&w=3840&q=75)
Transcribed Image Text:Horticultural Products Inc. reported $1,324,050 profit in 2023 and declared preferred dividends of $65,100. The following changes in
common shares outstanding occurred during the year.
pan. 1 102,000 common shares were outstanding.
Mar. 1 Declared and issued a 30% common share dividend.
Aug. 1 Sold 40,000 common shares.
Nov. 1 Sold 20,000 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 per share
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