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Swifty Ltd. began its latest fiscal year on January 1, 2023, with 11,000 common shares outstanding. On April 1, Swifty sold 1,200 additional common shares.
Swifty Ltd. began its latest fiscal year on January 1, 2023, with 11,000 common shares outstanding. On April 1, Swifty sold 1,200 additional common shares. The company declared and issued a 20% stock dividend on June 1. On July 1, Swifty repurchased and cancelled 190 common shares. An additional 2,400 common shares were issued on September 1. On November 1, Swifty declared and issued a 2-for-one stock split. On December 1, Swifty issued an additional 100 shares. Following the fiscal year, Swifty declared and issued a 3-for-one stock split on February 1, 2024. The company issued its 2023 financial statements on March 10, 2024. Calculate the weighted average number of common shares that Swifty should use for calculating its EPS numbers for 2023. Weighted average number of common shares shares
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