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For the year ended December 31, 2024, Norstar Industries reported net income of $995.000. At January 1, 2024, the company had 1,190,000 common shares outstanding.
For the year ended December 31, 2024, Norstar Industries reported net income of $995.000. At January 1, 2024, the company had 1,190,000 common shares outstanding. The following changes in the number of shares occurred during 2024 April 30 sold 125,000 shares in a public offering May 24 Declared and distributed a 5x stock dividend June 1 Issued 132,000 shares as part of the considerotion for the purchase of assets fron a subsidiary Required: Compute Norstar's earnings per share for the yeat ended December 31, 2024 Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousonds (i.e., 10,000 should be entered as 10). Round "Earnings per shore" answer to 2 decimal places
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