In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred share dividends of $2.4 million. In 2023, it reported net income of $9.9 million, and declared and paid preferred share dividends of $2.4 million. During both 2022 and 2023, Grouper had a weighted average of 1,000,000 common shares outstanding. (a) Calculate Grouper's 2022 and 2023 earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per Share $ 2022 2023

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred share dividends of $2.4 million. In
2023, it reported net income of $9.9 million, and declared and paid preferred share dividends of $2.4 million. During both 2022 and
2023, Grouper had a weighted average of 1,000,000 common shares outstanding.
(a)
Calculate Grouper's 2022 and 2023 earnings per share. (Round answers to 2 decimal places, e.g. 52.75.)
Earnings per Share
eTextbook and Media
2022
2023
Transcribed Image Text:In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred share dividends of $2.4 million. In 2023, it reported net income of $9.9 million, and declared and paid preferred share dividends of $2.4 million. During both 2022 and 2023, Grouper had a weighted average of 1,000,000 common shares outstanding. (a) Calculate Grouper's 2022 and 2023 earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per Share eTextbook and Media 2022 2023
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