compute bacic and diluted earnings per share foe the uear ended december 31, 2024 ...
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compute bacic and diluted earnings per share foe the uear ended december 31, 2024 
Information from the financlal statements of Ames Fabricators, Incorporated included the following: Ames's net income for the year ended December 31,2024 , is $700,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2024 Required: Compute basic and diluted eamings per share for the year ended December 31,2024. Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10)
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