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On January 1, 2011 APPLE.had 120000 shares, On April 1, 2011 APPLE sold 35000 shares, on July 1,2011 apple makes a 2:1 stock split on
On January 1, 2011 APPLE.had 120000 shares, On April 1, 2011 APPLE sold 35000 shares, on July 1,2011 apple makes a 2:1 stock split on Dec 1, 2011 apple distribute 0.12 stock dividend, Net income for 2011 was $2000000. The tax rate was 35%. In addition, Apple had the following debt and equity securities on its books on December 31, 2011: a. 24000 shares of $100 par, 0.18 cumulative preferred stock b. 4500 bond of, 0.12 interest, Each bond is converted linto 40 shares of common stock. Face value $1000 0.50000 shares of $100 par, $1.7 cumulative preferred stock, par $100, Each share of preferred stock is convertible into 5 shares of common stock. what is the weighted average number of common stock what is the basic epsa what is the diluted EPS
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