Accounting: reporting earnings per share
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During the fiscal year ended September 30, 2011, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2011, the company reported earnings per share for the year ended September 30, 2010, on a restated basis, of $0.60.
Calculate the originally reported earnings per share for the year ended September 30, 2010. (Round your answer to 2 decimal places)
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The number of shares would be 2.1% higher in 2011 than in 2010. The 2-for-1 split would double the number of shares. The, the 5% stock dividend would boost the ...
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