The financial statements for Highland Corporation included the following selected information: $ 950,000 $ 730,000 $ 1,000,000 Common stock Retained earnings Net income Shares issued 95,000 64,000 Shares outstanding Dividends declared and paid $ 770,000 The common stock was sold at a price of $24 per share.
The financial statements for Highland Corporation included the following selected information: $ 950,000 $ 730,000 $ 1,000,000 Common stock Retained earnings Net income Shares issued 95,000 64,000 Shares outstanding Dividends declared and paid $ 770,000 The common stock was sold at a price of $24 per share.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The financial statements for Highland Corporation included the following selected information:
Common stock
Retained earnings
Net income
Shares issued
Shares outstanding
Dividends declared and paid
$ 950,000
$ 730,000
$ 1,000,000
95,000
64,000
$ 770,000
The common stock was sold at a price of $24 per share.
Earnings per share
4. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding.
Note: Round your answer to 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1c42d19e-3c80-4c36-a339-44f76230fc4f%2Fa37ad8f6-edb6-4ff2-ba5b-68115e960d47%2Fc4eox28_processed.png&w=3840&q=75)
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Required information
[The following information applies to the questions displayed below.]
The financial statements for Highland Corporation included the following selected information:
Common stock
Retained earnings
Net income
Shares issued
Shares outstanding
Dividends declared and paid
$ 950,000
$ 730,000
$ 1,000,000
95,000
64,000
$ 770,000
The common stock was sold at a price of $24 per share.
Earnings per share
4. Compute earnings per share. Assume the weighted average shares outstanding is equal to the shares outstanding.
Note: Round your answer to 2 decimal places.
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