Question
Sandhill Inc. presented the following data: Net income $5,602,800 Preferred shares: 66,700 shares outstanding, $100 par, 9% cumulative, not convertible $6,670,000 Common shares: Shares outstanding,
Sandhill Inc. presented the following data:
Net income | $5,602,800 |
Preferred shares: 66,700 shares outstanding, $100 par, 9% cumulative, not convertible | $6,670,000 |
Common shares: Shares outstanding, Jan. 1, 2023 | 642,000 |
Issued for cash, May 1, 2023 | 117,000 |
Acquired treasury shares for cash, Sept. 1, 2023 (shares cancelled) | 159,000 |
3-for-1 stock split, Oct. 1, 2023 |
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As at January 1, 2023, there were no dividends in arrears. On December 31, 2023, Sandhill declared and paid the preferred dividend for 2023.
Calculate the weighted average number of common shares at December 31, 2023. (Round answer to 0 decimal places, e.g. 5275.)
Weighted average number of shares outstanding |
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Calculate the Basic earnings per share and Diluted Earnings per share at December 31, 2023. (Round answer to 0 decimal places, e.g. 5275.)
Basic earnings per share |
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Diluted earnings per share |
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