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At the beginning of the current year health company had

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At the beginning of the current year, health company had 20,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock, so that at year end it had 63,800 shares outstanding:

  • April 2 issued 5,000 shares of stock
  • June 4 Issued 4,000 shares of stock
  • July 1 Issued a 10% stock dividend
  • Sept 28 issued a two-for-one stock split, reducing the par value to $5 per share
  • Oct 3 Reacquired 1,000 shares as treasury stock
  • Nov 27 Reissued the 1,000 shares of treasury stock

Required
Determine the weighted average number of shares outstanding for computing the current earnings per share.

Reference no: EM13599191

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