Question
Exercise 19-14 (Algo) EPS; stock dividend; nonconvertible preferred stock [LO19-5, 19-6, 19-7] Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued
Exercise 19-14 (Algo) EPS; stock dividend; nonconvertible preferred stock [LO19-5, 19-6, 19-7] Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued and outstanding: Common stock, $1 par $ 1,000,000 Nonconvertible preferred stock, $50 par 30,000 On July 21, 2024, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $55,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2024, was $4,000,000. Required: Compute Hardaway's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10).
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