Exercise Algo EPS; shares issued; stock dividend LO
For the year ended December Norstar Industries reported net income of $ At January the company had common shares outstanding. The following changes in the number of shares occurred during :
April Sold shares in a public offering
May Declared and distributed a stock dividend
June Issued shares as part of the consideration for the purchase of assets from a subsidiary
Required:
Compute Norstar's earnings per share for the year ended December
Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands ie should be entered as Round "Earnings per share" answer to decimal places.
tableNumeratorDenominator,Earnings per Share$