Homework Answers
Analysis of share holders stock and equity:
- For the most recent day the highest and lowest rate @ which the company stock was sold was $67 and $69
- The number of outstanding shares of the company were 10,000. The average price at which the shares were sold are $68.
- There was a direct relationship between the current market price and the price @ which shares were sold.
- Due to the discontinued non profitable operations by the company there was an increase in the basic earnings per share. Yes, discontinued non profitable operations have a significant impact on basic EPS by increasing it.
- Number of shares used to compute basic EPS are share issued only, it is different from total number of shares because outstanding shares shall not be used in computing basic EPS as they were not actually issued.
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