1. In 2018, Revelation, Inc., reported the following statistics.

	2018	2017
Basic Earnings Per Share	$3.60	$2.70

In 2009, their comparative earnings per share were reported as follows.

	2019	2018	2017
Basic Earnings Per Share	$3.61	$3.00	$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 transaction.