Question: The net income after income tax of McCants Inc was
The net income (after income tax) of McCants Inc. was $2 per common share in the latest year and $6 per common share for the preceding year. At the beginning of the latest year, the number of shares outstanding was doubled by a stock split. There were no other changes in the amount of stock outstanding. What were the earnings per share in the preceding year, adjusted for comparison with the latest year?
Relevant QuestionsThe comparative temporary investments and inventory balances of a company are provided below.Based on this information, what is the amount and percentage of increase or decrease that would be shown in a balance sheet with ...The following items are reported on a company’s balance sheet:Cash ............... $210,000Marketable securities........ 120,000Accounts receivable (net) ....... 110,000Inventory ............ 160,000Accounts ...A company reports the following:Net sales ........ $1,800,000Average total assets ... 1,125,000Determine the ratio of net sales to assets.Revenue and expense data for Soldner Inc. are as follows:a. Prepare an income statement in comparative form, stating each item for both 2014 and 2013 as a percent of sales. Round to one decimal place.b. Comment on the ...Xavier Stores Company and Lestrade Stores Inc. are large retail department stores. Both companies offer credit to their customers through their own credit card operations. Information from the financial statements for both ...
Post your question