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Problem 2-2 The Jack Co. earned $625,000 last year. The company had 100,000 shares outstanding on January 1, sold 7,000 shares on March 1 and
Problem 2-2 The Jack Co. earned $625,000 last year. The company had 100,000 shares outstanding on January 1, sold 7,000 shares on March 1 and sold 12,000 shares on September 1. The Jack Co. stock sells for $50 per share. Calculate the EPS for Jack Problem 2-3 Jill Company earned $400,000 last year. The company had 5,000 shares of common stock outstanding on January 1, sold 6,000 shares on May 31 and sold 3,000 shares on September 30. Calculate the EPS for Jill.
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