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Hardaway Fixtures' balance sheet at December 31, 2023, included the following: Shares issued and outstanding: Common stock, $1 par $ 1,040,000 Nonconvertible preferred stock, $50
Hardaway Fixtures' balance sheet at December 31, 2023, included the following:
Shares issued and outstanding: | |
---|---|
Common stock, $1 par | $ 1,040,000 |
Nonconvertible preferred stock, $50 par | 15,000 |
On July 21, 2024, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $65,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2024, was $4,400,000.
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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