During the fiscal year ended September 30, 2011, Worrell, Inc., had a 2-for-1 stock split and a

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During the fiscal year ended September 30, 2011, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2011, the company reported earnings per share for the year ended September 30, 2010, on a restated basis, of $0.60.

Required:
Calculate the originally reported earnings per share for the year ended September 30, 2010.

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Accounting What the Numbers Mean

ISBN: 978-0073527062

9th Edition

Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,

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