RK Co. has 500,000 shares of common stock at the beginning of the year. It does not pay cash dividends. Net income for the year is $3 million. - On July 31st, the firm declared a 100% stock dividend. - On August 31st, RK Co. issued 24,000 shares of common. RKCO. has a capital structure and will report basic earnings per share closest to complex; $5.91 simple; $5.91 simple; $2.98 compler: 37.98 An analyst gathered the following information about a company: - Net income =$800,000 - The firm began the year with 70,000 common shares outstanding and non-convertible preferred stock with total dividends of $24,000 - In the past year, the company had the following common stock transactions: February 28: declared a 2-for-1 stock split March 31: issued 10,000 new common shares How many common shares should be used in computing the company's Earnings Per Share? 147,500 72.500 77.500 145,000 A firm has 100,000 shares of common outstanding as of the beginning of the year. - It issued 40,000 common shares on March 31st. - On June 1st, it declared a 5-for-2 stock split. - On August 31", it repurchased 15,000 shares of common stock. The firm's weighted average number of common shares is closest to? 225 170,000 320.000 325,000 An analyst gathered the following information about the Harris Company: - Gross profit margin =80% - Annual sales =$500,000 - Average accounts payable =$5,000 - 365 Days in a year - No change in the company's inventory levels for the year Days Payables is closest to: 6 days 50 days 28 days 18 days