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I need you're help. please 1-In 2018, Revelation, Inc., reported the following statistics. Basic Earnings Per Share 2018 $3.60 2017 $2.70 In 2009, their comparative
I need you're help. please
1-In 2018, Revelation, Inc., reported the following statistics. Basic Earnings Per Share 2018 $3.60 2017 $2.70 In 2009, their comparative earnings per share were reported as follows. Basic Earnings Per Share 2019 $3.61 2018 $3.00 2017 $2.25 There is a change in EPS in 2018. You are informed that the firm is basically the same and that there has been no change in accounting principle. Required: a. Explain the reason that should have been reported in 2018 b. Should the price/earnings ratio be changed by the transaction that caused the change in earnings per share? c. List two other profit-related measures other than earnings per share that would be changed because of this transactionStep by Step Solution
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