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Assume that in the first year of operation, Ning Co. Ltd. Had three issues of com mon shares. The first 2,000,000 shares existed in the

Assume that in the first year of operation, Ning Co. Ltd. Had three issues of com mon shares. The first 2,000,000 shares existed in the company from January 1 u ntil the year end. The second 1,800,000 shares were issued at the beginning of t he third quarters. In the last quarter of the year, another 1,200,000 shares were is sued. Compute the weighted average number of shares outstanding in the busine SS.

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