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Liberty Ventures Inc. reported $472,380 profit in 2020 and declared preferred dividends of $18,700. The following changes in common shares outstanding occurred during the year:
Liberty Ventures Inc. reported $472,380 profit in 2020 and declared preferred dividends of $18,700. The following changes in common shares outstanding occurred during the year:
Jan. | 1 | 160,000 common shares were outstanding. |
June | 30 | Sold 30,000 common shares. |
Sept. | 1 | Declared and issued a 20% common share dividend. |
Nov. | 2 | Sold 12,000 common shares. |
Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.)
1.weighted- average outstanding shares____________?
2. Earnings per share_________________?
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