Answer the following questions:
Required:
1a. For the year ended December 31, 2015, Finco, Inc., reported earnings per share of $6.70. During 2016, the company had a 2-for-1 stock split. Calculate the 2015 earnings per share that will be reported in Finco’s 2016 annual report for comparative purposes.(Round your answer to 2 decimal places.)
what is the Earnings per share ?
1b.Additionally, during 2017, Finco had a 5-for-1 stock split. Calculate the 2015 earnings per share that will be reported in Finco’s 2017 annual report for comparative purposes.(Round your answer to 2 decimal places.)
what is the Earnings per share ?
1c.If Finco had issued a 11% stock dividend in 2016 and did not have a stock split, calculate the 2015 earnings per share that will be reported in Finco’s 2016 annual report for comparative purposes. (Round your answer to 2 decimal places.)
what is the Earnings per share ?
During the fiscal year ended September 30, 2017, Worrell, Inc., had a 2-for-1 stock split and a 2% stock dividend. In its annual report for 2017, the company reported earnings per share for the year ended September 30, 2016, on a restated basis, of $0.76.
2a. Calculate the originally reported earnings per share for the year ended September 30, 2016. (Round your answer to 2 decimal places.)
what is the Earnings per share ?
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