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In the year of 2017, W Co. earned a net income of 680, 000 yuan. The company had only issued 400,000 shares of 5
In the year of 2017, W Co. earned a net income of 680, 000 yuan. The company had only issued 400,000 shares of 5 yuan par value common stock outstanding at January 1. Compute the company's earnings per share under each of the following independent assumptions: (1) No change occurred during the year in the number of shares outstanding. Earnings per share: yuan (2) On April 1, the company distributed additional 320,000 shares of common stock in exchange for cash. Earnings per share: yuan (3) On July 1, the company distributed additional 240, 000 shares of common stock in exchange for cash. Earnings per share: yuan 5/6
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