Solution-Effects of stock split and stock dividend on eps

Effects of stock split and stock dividend on eps

Reference no: EM13554752

Effects of stock split and stock dividend on EPS

Required:

a. For the year ended December 31, 2009, Finco, Inc., reported earnings per share of $3.12. During 2010 the company had a 3-for-1 stock split. Calculate the 2009 earnings per share that will be reported in Finco's 2010 annual report for comparative purposes.

b. During 2011 Finco had a 2-for-1 stock split. Calculate the 2009 earnings per share that will be reported in Finco's 2011 annual report for comparative purposes.

c. If Finco had issued a 10% stock dividend in 2010 and did not have a stock split, calculate the 2009 earnings per share that will be reported in Finco's 2010 annual report for comparative purposes. Round your answer to two decimal places.

Reference no: EM13554752

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Effects of stock split and stock dividend on eps

Reference no: EM13554752

Reference no: EM13554752

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