At December 31, 2023 and 2024, Funk & Noble Corporation had outstanding 1,280 million shares...
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Accounting
At December 31, 2023 and 2024, Funk & Noble Corporation had outstanding 1,280 million shares of common stock and 20 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the preferred or common stock in 2023 or 2024. Net income for 2024 was $3,104 million. The income tax rate is 25%. Calculate earnings per share for the year ended December 31, 2024.
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