Hi im stuck here can you please answer this in the same format not sure...
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Hi im stuck here can you please answer this in the same format not sure if im right here?
On December 31, 2023, Dow Steel Corporation had 680,000 shares of common stock and 38,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. - Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $480,000 and $77,000 to common and preferred shareholders, respectively, on December 15, 2024. - On February 28, 2024, Dow sold 54,000 common shares. - In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. - Dow's net income for the year ended December 31, 2024, was $2,500,000. The income tax rate is 25%. Required: Compute Dow's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places
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On December 31, 2023, Dow Steel Corporation had 680,000 shares of common stock and 38,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. - Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $480,000 and $77,000 to common and preferred shareholders, respectively, on December 15, 2024. - On February 28, 2024, Dow sold 54,000 common shares. - In keeping with its long-term share repurchase plan, 4,000 shares were retired on July 1. - Dow's net income for the year ended December 31, 2024, was $2,500,000. The income tax rate is 25%. Required: Compute Dow's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places
