During the fiscal year ended September 30, 2023, Worrell Inc. had a 2-for-1 stock split and a
Question:
During the fiscal year ended September 30, 2023, Worrell Inc. had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2023, the company reported earnings per share for the year ended September 30, 2022, on a restated basis, of $1.80.
Required:
Calculate the originally reported earnings per share for the year ended September 30, 2022.
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Earnings per share as restated Multiply by 2 to re...View the full answer
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