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i already tried 1354.5, it says to answer in thousands but it automatically rounds For the year ended December 31, 2021, Norstar Industries reported net
i already tried 1354.5, it says to answer in thousands but it automatically rounds
For the year ended December 31, 2021, Norstar Industries reported net income of $985,000. At January 1, 2021, the company had 1,150,000 common shares outstanding. The following changes in the number of shares occurred during 2021 Apr. 30 Sold 105,000 shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 120,000 shores as part of the consideration for the purchase of assets from a subsidiary. Required: Compute Norstar's earnings per share for the year ended December 31, 2021 (Enter your answers in thousands. Round "EPS answer to 2 decimal places. Do not round intermediate calculations.) Answer is complete but not entirely correct. Denominator 1,355 Numerator 985 Earnings per Share 0.73 Step by Step Solution
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