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Calculate the weighted average outstanding shares

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Reference no: EM132599256

Question - Granite Marbles Manufacturing Company has the following changes in its ordinary outstanding shares during 2019:

1-Jan Beginning balance 300,000

1-Apr Repurchased of 50,000 shares 50,000

1-Aug Share split 3- 1 shares 500,000

1-Oct issued additional shares 40,000

Required -

(a) Calculate the weighted average outstanding shares.

(b) Calculate the earnings per share "EPS", assume that the net income was $400,000.

Reference no: EM132599256

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