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Exercise 10-7 (Algo) Effects of stock split and stock dividend on EPS LO 9 For the year ended December 31, 2018. Finco Inc. reported
Exercise 10-7 (Algo) Effects of stock split and stock dividend on EPS LO 9 For the year ended December 31, 2018. Finco Inc. reported earnings per share of $2.16 Answer the following questions: Required: a. During 2019, the company had a 3-for-1 stock split Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes. b. During 2020. Finco had an additional 2-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 202 annual report for comparative purposes. c. Assume that Finco had issued a 10% stock dividend in 2019 and did not have a stock split Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes. (For all requirements, round your answer to 2 decimal places.) a Earnings per share b Earnings per share Earnings per share
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