For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12....
80.2K
Verified Solution
Link Copied!
Question
Accounting
For the year ended December 31, 2019, Anyco Inc. reported earnings per share of $3.12.
During 2020, the company had a 3-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2020 annual report for comparative purposes.
During 2021, Anyco had an additional 2-for-1 stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2021 annual report for comparative purposes.
Assume that Anyco had issued a 10% stock dividend in 2020 and did not have a stock split. Calculate the 2019 earnings per share that will be reported in Anycos 2020 annual report for comparative purposes. Round your answer to two decimal places.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!