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The following cases are independent . Case A Jethrow Ltd. had 2,888,808 common shares outstanding on 1 January 20x2. . On 27 February 218,00 shares

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The following cases are independent . Case A Jethrow Ltd. had 2,888,808 common shares outstanding on 1 January 20x2. . On 27 February 218,00 shares were issued for $68 each. . 318,800 shares were issued on 1 August . A 2-for-1 stock split was distributed on 30 August. Case B On 1 January 20x7, Doomsday Corp. had 218,000 nonvoting Series A shares and 618,000 Series B voting shares outstanding. Series A shares have a $2 per share cumulative dividend paid quarterly and are convertible into two Series B shares at any time after 31 December 28x9. . On 1 October 20x7, 31,800 Series A shares were converted to shares . On 1 December 20x7, 99,000 Series B shares were retired for cash Required: For each case, calculate the number of weighted average ordinary shares to use in the calculation of basic EPS. Assume a 31 December year-end. (Do not round intermediate calculations. Round your answers to the nearest whole numbet.) Case A Case B Number of shares Prey 1 of 1 13 Next

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