On January 1,2026 , Sheridan Corp. had 491,000 shares of common stock outstanding. During 2026...
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On January 1,2026 , Sheridan Corp. had 491,000 shares of common stock outstanding. During 2026 , it had the following transactions that affected the common stock account. (a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2026. The weighted-average number of shares outstanding Assume that Sheridan Corp. earned net income of $3,434,000 during 2026 . In addition, it had 96,000 shares of 9%,$100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share Attempts: 3 of 10 used
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