What are the firms earning per

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The board of Patto Co decides to pay 0.03 shares of stock to the holders of each share of common stock such that the holder of 1,00 shares of stock would receive 30 shares of stock.

A. If Patto had net income for the year of $8,000,000 and 24,000,00 shares of common stock outstanding before the stock dividend, what are the firm's earnings per share?

b. After the stock dividend,what are the firm's earning per

Reference no: EM13274013

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