In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred share dividends of $2.4 million. In 2023, it reported net income of $9.9 million, and declared and paid preferred share dividends of $2.4 million. During both 2022 and 2023, Grouper had a weighted average of 1,000,000 common shares outstanding. (a) Calculate Grouper's 2022 and 2023 earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per Share $ 2022 2023
In 2022, Grouper Corporation reported net income of $8.0 million, and declared and paid preferred share dividends of $2.4 million. In 2023, it reported net income of $9.9 million, and declared and paid preferred share dividends of $2.4 million. During both 2022 and 2023, Grouper had a weighted average of 1,000,000 common shares outstanding. (a) Calculate Grouper's 2022 and 2023 earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Earnings per Share $ 2022 2023
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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