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During the fiscal year ended September 30, 2017, Worrell, Inc., had a 4-for-1 stock split and a 3% stock dividend. In its annual report for
During the fiscal year ended September 30, 2017, Worrell, Inc., had a 4-for-1 stock split and a 3% 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 $0.86.
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Calculate the originally reported earnings per share for the year ended September 30, 2016. (Round your answer to 2 decimal places.)
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