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During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis. In its annual report for 2019, the firm reported
During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis. In its annual report for 2019, the firm reported net income of $915,000 for 2019, with an average 258,000 shares of common stock outstanding for that year. There was no preferred stock.
- What amount of net income for 2019 will be reported in Gluco's 2020 annual report?
- Calculate Gluco's earnings per share for 2019 that would have been reported in the 2019 annual report. (Round your answer to 2 decimal places.)
- Calculate Gluco's earnings per share for 2019 that will be reported in the 2020 annual report for comparative purposes. (Round your answer to 2 decimal places
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