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What was Rita basic EPS for its year ended December

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Question - Rita Corp.'s comprehensive income for its year ended December 31, 20X7, totaled $300,000 ($250,000 net income + $50,000 other comprehensive income = $300,000 comprehensive income). The company had 100,000 common shares outstanding from January 1, 20X7, to June 30, 20X7. On July 1, 20X7, the company declared and distributed a 20% stock dividend. There were no other changes to the outstanding common shares during the 20X7 fiscal year. What was Rita's basic EPS for its year ended December 31, 20X7?

Reference no: EM132604940

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