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/iceroy Ltd has a December 31 year-end. Its ledger account for Common Shares (Class A...

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Accounting

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/iceroy Ltd has a December 31 year-end. Its ledger account for Common Shares (Class A voting) showed the following information dollars amounts are in thousands): Dpening Balance Jan1 =400,000 shares hares issued June 30=200,000 shares issued September 30=75,000 Net Income for the Year =$2,000,000 Preferred Shares (Class B Non Voting Cumulative) =50,000 shares ($600) Preferred Share Dividend entitlement for the year $170,000 tint: check EPS formula in the chapter of Financial Statement Analysis Required 1: What is the Basic Earnings Per Share that Viceroy will report this year? Hint: when number of shares change during the erm, a simple average does not apply, instead use the weighted average number of common shares. \$ Required 2: The weighted average number of common shares for the year is: Required 3: The total earnings considered in the EPS formula for the year is: $

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