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6. Assume the following Common Stock activity for XYZ Co. in 2022 : a) Compute the weighted average number of shares outstanding for the year
6. Assume the following Common Stock activity for XYZ Co. in 2022 : a) Compute the weighted average number of shares outstanding for the year 2022. b) Assume XYZ has Net Income for the current year of $1,410,000. They also have 100,000 shares of $50 par value 7% Non-Cumulative Preferred Stock. No dividends were paid in current year. Compute Earnings Per Share for 2022. c) Assume same facts as part b) except the Preferred Stock is Cumulative. Compute Earnings Per Share for 2022
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