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For the year ended December 31,2018 , Finco Inc. reported earnings per share of $3.24. Answer the following questions: Required: a. During 2019, the company
For the year ended December 31,2018 , Finco Inc. reported earnings per share of $3.24. Answer the following questions: Required: a. During 2019, the company had a 3-for-1 stock split. Calculate the 2018 eamings 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 2020 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 eamings per share that will be reported in Finco's 2019 annual report for comparative purposes. (For all requlrements, round your answer to 2 decimal places.)
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