Question
On January 1, 2023, Crane Corporation had 89,400 common shares outstanding. On April 1, the company issued an additional 36,000 shares. On July 1, the
On January 1, 2023, Crane Corporation had 89,400 common shares outstanding. On April 1, the company issued an additional 36,000 shares. On July 1, the company repurchased and cancelled 43,200 common shares. On November 1, the company issued 53,400 new shares. Cash dividends of $50,000 were declared to non-cumulative preferred shareholders. Net income for the year was $905,525. Calculate the weighted average number of shares for 2023 and earnings per share (EPS). (Round earnings per share to 2 decimal places, eg. 15.75.) Weighted average number of shares Earnings per share eTextbook and Media Save for Later $ 103100 /share Attempts: 0 of 3 used Submit Answer
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