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Exercise 1 9 - 1 4 ( Algo ) EPS; stock dividend; nonconvertible preferred stock [ L 0 1 9 - 5 , 1 9
Exercise Algo EPS; stock dividend; nonconvertible preferred stock L
Hardaway Fixtures' balance sheet at December included the following:
Shares issued and outstanding:
Common stock, $ par
Nonconvertible preferred stock, $ par
$
On July Hardaway issued a stock dividend on its common stock. On December it paid $ cash dividends on
the preferred stock. Net income for the year ended December was $
Required:
Compute Hardaway's earnings per share for the year ended December
Note: Do not round intermediate calculations. Enter your answers in thousands ie should be entered as
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