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plz answer it correct. Horticultural Products Inc. reported $471,765 profit in 2023 and declared preferred dividends of $46,200. The following changes in common shares outstanding
plz answer it correct.
Horticultural Products Inc. reported $471,765 profit in 2023 and declared preferred dividends of $46,200. The following changes in common shares outstanding occurred during the year. Jan. 1 33,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 sold 40,000 common shares. Calculate the weighted-average number of common shares outstanding during the year and earnings per share. (Round the "Earning per share" answer to 2 decimal places.)Step by Step Solution
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
