Question
For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $2.88. Answer the following questions: A. During 2022, the company had
For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $2.88. Answer the following questions:
A. During 2022, the company had a 3-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes.
B. During 2023, Finco had an additional 2-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2023 annual report for comparative purposes.
C. Assume that Finco had issued a 10% stock dividend in 2022 and did not have a stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes.
Note: For all requirements, round your answers to
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