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Calculate the basic EPS

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Reference no: EM132925434

Question - You are given the following information about KER Ltd:

-30,000 common shares outstanding on Jan 31, 2012

5000 preferred shares, no-par, $1.30 (cumulative, nonconvertible) outstanding on January 1

2000 shares sold on March 1, 2012

1000 shares sold on September 1, 2012

2 for 1 stock split recorded on October 1, 2012 net income for the year $340,000

Required - Calculate the basic EPS?

Reference no: EM132925434

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