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Hardaway Fixtures' balance sheet at December 31, 2017, included the following: Shares issued and outstanding Common stock, $1 par Nonconvertible preferred stock, $50 par 860,000
Hardaway Fixtures' balance sheet at December 31, 2017, included the following: Shares issued and outstanding Common stock, $1 par Nonconvertible preferred stock, $50 par 860,000 20,000 On July 21, 2018, Hardaway issued a 25% stock dividend on its common stock. On December 12 it paid $20,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2018, was $2,600,000. Required Compute Hardaway's earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) 3 Answer is complete but not entirely correct. Earnings per Share Numerator Denominator 1,950,000 1,075,000 1.81
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