Calculate the earnings per share that will be reported

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Reference no: EM132932075

For the year ended December 31, 2018, Finco Inc. reported earnings per share of $4.10.

Required:

Problem 1: During 2019, the company had a 3-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes.

Problem 2: During 2020, Finco had an additional 5-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2020 annual report for comparative purposes.

Problem 3: Assume that Finco had issued a 11% stock dividend in 2019 and did not have a stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes.

Reference no: EM132932075

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