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Calculate the earnings per share that will be reported

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Question - For the year ended December 31, 2018, Finco Inc. reported earnings per share of $8.80. Answer the following questions:

During 2019, the company had a 4-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes.

During 2020, Finco had an additional 4-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2020 annual report for comparative purposes.

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: EM133092635

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