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The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years: Earnings per share
The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years: Earnings per share 2010- $3.15 2009- $2.40 2008- $1.64 In 2011, Software City, Inc., declared and distributed a 100 percent stock dividend. Following this stock dividend, the company reported earnings per share of $1.88 for 2011. a. Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009. (Hint: All per-share amounts in your schedule should be based on the number of shares outstanding after the stock dividend.) Earnings per share 2010- 2009- 2008
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