Calculate EPS and effect of stock split on EPS During the year ended December 31, 2011, Gluco, Inc., split its stock on a 3-for-1 basis. In its annual report for 2010, the firm reported net income of $3,703,920 for 2010, with an average 268,400 shares of common stock outstanding for that year. There was no preferred stock.
Required:
a.What amount of net income for 2010 will be reported in Gluco’s 2011 annual report?
b. Calculate Gluco’s earnings per share for 2010 that would have been reported in the 2010 annual report.
c. Calculate Gluco’s earnings per share for 2010 that will be reported in the 2011 annual report for comparative purposes.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.