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Manto Realty Ltd. is a land developer with a calendar year end. When Manto needs capital to buy and it often issues common shares and
Manto Realty Ltd. is a land developer with a calendar year end. When Manto needs capital to buy and it often issues common shares and once cash is obtained on large land sales shares are often repurchased. Profit for the year ended December 31, 202 was $900.000. Manto's board of directors dedared and paid the annual dividend to its preferred shareholders. Manto Realty Ltd. reported the following Information related to its shareholders equity on January 1, 2021. $2-cumulative preferred shares, unlimited number of shares authorized. 120,000 shares issued $4,400,000 Common shares, unlimited number of shares authorized 550.000 shares issued 3.322.000 Contributed surplus-reacquisition of common shares 21.000 Retained earnings 5.254,000 Common share issuances and reacquisitions were as follows for 2021 Feb. 1 May 31 July 31 Issued 16,800 shares Reacquired 12,000 shares Issued 28,800 shares Issued 6,000 shares Reacquired 19,200 shares Nov. 1 Dec 1 Calculate the weighted average number of common shares for 2021 (Round each calculation to the nearest whole share) Weighted average number of common shares Question Part Score -5 Calculate the earnings per share for Manto Realty Ltd (Round answer to 2 decimal places, es 5276) Earnings per share ratio Nov. 1 Issued 6,000 shares Dec 1 Reacquired 19,200 shares Calculate the weighted average number of common shares for 2021 (Round each calculation to the nearest whole share.) Weighted average number of common shares Question Part Score --/5 Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, eg. 52.76) Earnings per share ratio $ Question Part Score -12 Assume instead that the preferred shares are noncumulative and that there were no dividends paid during the year, Calculate the earnings per share for Manto Realty Ltd. (Round answer to 2 decimal places, es 52.76.) Earnings per shares Question Part Score --/2 Save for later
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