Question
Required: a. For the year ended December 31, 2015, Finco, Inc., reported earnings per share of $9.50. During 2016, the company had a 5-for-1 stock
Required:
a. For the year ended December 31, 2015, Finco, Inc., reported earnings per share of $9.50. During 2016, the company had a 5-for-1 stock split. Calculate the 2015 earnings per share that will be reported in Finco's 2016 annual report for comparative purposes. (Round your answer to 2 decimal places.)
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b. Additionally, during 2017, Finco had a 4-for-1 stock split. Calculate the 2015 earnings per share that will be reported in Finco's 2017 annual report for comparative purposes. (Round your answer to 2 decimal places.)
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c. If Finco had issued a 11% stock dividend in 2016 and did not have a stock split, calculate the 2015 earnings per share that will be reported in Finco's 2016 annual report for comparative purposes. (Round your answer to 2 decimal places.)
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Accounting For Managers Interpreting Accounting Information For Decision Making
Authors: Paul M. Collier
5th Edition
111900294X, 978-1119002949
