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Current Attempt in Progress Culver Group had 324,000 ordinary shares outstanding on January 1, 2022. On May 1, Culver issued 29,700 ordinary shares. (a) Compute
Current Attempt in Progress Culver Group had 324,000 ordinary shares outstanding on January 1, 2022. On May 1, Culver issued 29,700 ordinary shares. (a) Compute the weighted-average ordinary shares outstanding if the 29,700 shares were issued for cash. Weighted-average ordinary shares outstanding (b) Compute the weighted-average ordinary shares outstanding if the 29,700 shares were issued in a share dividend. Assume that shares issued in the share dividend are outstanding from the beginning of the year. Weighted-average ordinary shares outstanding Swifty Ltd. reported net income of 404,670 in 2022 and had 184,000 ordinary shares outstanding throughout the year. Also outstanding all year were 43,500 options to purchase ordinary shares at 12 per share. The average market price of the shares during the year was 15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share
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