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What is the basic EPS for SI for its fiscal year end

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Question - Stampede Inc. (SI) is a public company. On January 1, 20X1, 65,000 common shares were issued and outstanding. During the year:

15,000 additional common shares were issued on April 1.

20,000 preferred shares were issued on June 1; these shares are non-cumulative and carry an annual dividend entitlement of $2 per share.

No dividends were declared.

Net income was $2,000,000.

What is the basic EPS for SI for its fiscal 20X1 year end?

a) $22.75

b) $25.00

c) $25.70

d) $26.23

Reference no: EM132903973

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