Question
The 2017 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years. 2017 2016 2015
The 2017 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years.
2017 | 2016 | 2015 | ||||||||||
Earnings per share | $ | 3.15 | $ | 2.40 | $ | 1.64 | ||||||
In 2018, Software City, Inc., declared and distributed a 2-for-1 stock split. Following this distribution of stock, the company reported earnings per share of $1.88 for 2018.
a. Prepare a three-year schedule similar to the one given, but compare earnings per share during the years 2018, 2017, and 2016. (Hint: All per-share amounts in your schedule should be based on the number of shares outstanding after the stock dividend.) (Round your answers to 2 decimal places.)
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