This is Canadian Accounting Nova Gold Miners (NGM) is a gold mining company. NGM currently has two mines operating in Northwestern Ontario and many exploration claims throughout Ontario and Quebec. The company is publicly listed on the Toronto Venture Exchange. NGM is hoping to attract new capital in the coming months and would like to show strong financial performance for its most recent fiscal year end (December 31, 2023). Analysts are focusing on the current year's earnings per share in assessing future growth prospects. The company's shares are currently trading at $28 per share. You work in NGM's accounting department and have been assigned to help the CFO prepare preliminary estimates of EPS. You are given the following summarized financial information The company's summarized statement of financial position for non-current liabilities and shareholders' equity follows: The company has the following summarized statement of operations: The company has the following summarized statement of changes in equity: The company has the following summarized statement of changes in equity: Notes: 1. Convertible preferred shares were issued on January 1. 2. Additional common shares were issued on September 1. 3. Common shares were reacquired on April 1. 4. Dividends were paid to cumulative preferred shareholders. 5. Average price of the common shares was $28 per share. Calculate the basic earnings per share. (Round answer to 2 decimal ploces, eg. 5.75.) Basic EPS \$.

1. This is Canadian Accounting Nova Gold Miners (NGM) is a gold mining company. NGM
currently has two mines operating in Northwestern Ontario and many exploration claims
throughout Ontario and Quebec. The company is publicly listed on the Toronto Venture
Exchange. NGM is hoping to attract new capital in the coming months and would like to show
strong financial performance for its most recent fiscal year end (December 31, 2023). Analysts
are focusing on the current year's earnings per share in assessing future growth prospects. The
company's shares are currently trading at $28 per share. You work in NGM's accounting
department and have been assigned to help the CFO prepare preliminary estimates of EPS. You
are given the following summarized financial information The company's summarized statement
of financial position for non-current liabilities and shareholders' equity follows:
The company has the following summarized statement of operations:
The company has the following summarized statement of changes in equity:
The company has the following summarized statement of changes in equity:
Notes: 1. Convertible preferred shares were issued on January 1. 2. Additional common shares
were issued on September 1. 3. Common shares were reacquired on April 1. 4. Dividends were
paid to cumulative preferred shareholders. 5. Average price of the common shares was $28 per
share.
Calculate the basic earnings per share. (Round answer to 2 decimal ploces, eg. 5.75.) Basic EPS
$