Sandhill Realty Ltd. is a land developer with a calendar year end. When Sandhill needs...
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Sandhill Realty Ltd. is a land developer with a calendar year end. When Sandhill needs capital to buy land, it often issues common shares, and once cash is obtained on large land sales, shares are often repurchased. Profit for the year ended December 31,2024 , was $909,840. Sandhill's board of directors declared and paid the annual dividend to its preferred shareholders. Sandhill reported the following information related to its shareholders' equity on January 1,2024. Common shares issuances and reacquisitions were as follows for 2024. Common shares issuances and reacquisitions were as follows for 2024. Feb.1 Issued 18,000 shares May 31 Reacquired 13,200 shares July 31 Issued 32,400 shares Nov. 1 Issued 6,000 shares Dec. 1 Reacquired 22,800 shares Calculate the weighted average number of common shares for 2024. Weighted average number of common shares Calculate the earnings per share for Sandhill. (Round answer to 2 decimal places, eg. 2.76.) Earnings per share Question Part Score Assume instead that the preferred shares are noncumulative and that there were no dividends paid during the year. Calculate the earnings per share for Sandhill. (Round answer to 2 decimal ploces, es. 2.76.) Earnings per share
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