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For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $1.80....

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Question

Accounting

For the year ended December 31, 2021, Finco Incorporated reported earnings per share of $1.80.

Answer the following questions:

Required:

During 2022, the company had a 3-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes.

During 2023, Finco had an additional 2-for-1 stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2023 annual report for comparative purposes.

Assume that Finco had issued a 10% stock dividend in 2022 and did not have a stock split. Calculate the 2021 earnings per share that will be reported in Finco's 2022 annual report for comparative purposes.

Note: For all requirements, round your answers to 2 decimal places.

a. Earnings per share
b. Earnings per share
c. Earnings per share

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