Homework Answers
|
Analysis of common shares |
Number of shares |
Weight (months) |
Weighted average |
|
|
1/1/2017 |
Shares outstanding at the beginning of the year |
600000 |
7 |
(600000×7)/12=350000 |
|
8/1/2017 |
Shares issued |
600000+120000=720000 |
4 |
(720000×4)/12=240000 |
|
12/1/2017 |
Shares repurchased |
720000-24000=696000 |
1 |
(696000×1)/12=58000 |
|
Weighted average shares outstanding |
350000+240000+58000=648000 |
|||
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