Hardaway Fixtures\' balance sheet at December 31, 2015, included the following:

Question

Hardaway Fixtures' balance sheet at December 31, 2015, included the following: Shares issued and outstanding: Common stock, $1 par Nonconvertible preferred stock, $50 pair $1,120,000 10,000 On July 21, 2016, Hardaway issued a 25% stock dividend on its common stock. On December 12 it paid $85,000 cash dividends on the preferred stock. Net income for the year ended December 31, 2016, was $5,200,000 Required Compute Hardaway's earnings per share for the year ended December 31, 2016. (Enter your answers in thousands.) Numerator DenominatorEarnings per Share 0

Explanation / Answer

Numerator / Denominator = Earnings per share 5115000 / 1400000 =                              3.65 (5200000-85000) (1120000*125%)

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