Business, 11.05.2021 20:00 j015

Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and outstanding:
Common stock, $1 par $1,080,000
Nonconvertible preferred stock, $50 par 25,000

On July 21, 2021, Hardaway issued a 25% stock dividend on its common stock. On December 12, it paid $75,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2021, was $4,800,000.

Required:
Compute Hardaway's earnings per share for the year ended December 31, 2021.

Answers: 2

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Hardaway Fixtures' balance sheet at December 31, 2020, included the following: Shares issued and ou...