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Assume the following information about a corporation: Years Ended October 31, 2011 2012 2013 2014 Earnings available to common $2236 $4018 $8458 $3763 Average C/S
Assume the following information about a corporation:
Years Ended October 31,
2011 2012 2013 2014
Earnings available to common $2236 $4018 $8458 $3763
Average C/S outstanding 4752 5023 3383 3330
EPS $ 0.50 $ 0.80 $ 2.50 $ 1.13
In late December 2012, the corporation bought back 1,237 shares of common stock for $11,750
What would EPS have been in 2013 and 2014 had the company not repurchased its common shares? Assume the stock buyback occurred on December 31, 2012. Year end is October 31 yearly.
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