Chartered Financial Analyst Level 1
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An analyst gathers the following information about a company's fiscal year ended 31 December:
- Net income: $210,000
- Common shares outstanding on 1 January: 50,000
- Common shares repurchased on 1 April: 20,000
If a 2-for-1 stock split took effect on 1 July, the basic earnings per share (EPS) for the year is:
An analyst gathers the following information about a company's fiscal year ended 31 December:
- Net income: $210,000
- Common shares outstanding on 1 January: 50,000
- Common shares repurchased on 1 April: 20,000
If a 2-for-1 stock split took effect on 1 July, the basic earnings per share (EPS) for the year is:
Exam-Like
A
$3.00
B
$3.50
C
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