Hedley Corporation had 2023 net income of $1.4 million. During 2023, Hedley paid a dividend of $5

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Hedley Corporation had 2023 net income of $1.4 million. During 2023, Hedley paid a dividend of $5 per share on 100,000 preferred shares. Hedley also had 220,000 common shares outstanding during the year. Calculate Hedley’s 2023 earnings per share. Round to the nearest cent.

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Intermediate Accounting Volume 2

ISBN: 9781119740445

13th Canadian Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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