Question: Ferry LTD . , provides you with the following information about its capital structure for the current year. All securities are assumed to be outstanding

Ferry LTD., provides you with the following information about its capital structure for the current year. All securities are assumed to be outstanding for the current year.
- The beginning balance of common shares outstanding is equal to 555,000 shares.
- An additional 32,000 common shares were issued on April 1st.- The company repurchased 11,000 shares of common shares to be held in the treasury on June 1st.
- A 4 for 1 stock split was announced and implemented on August 1st.
- An additional 24,000 common shares were issued on October 1st.
Compute the weighted average number of common shares outstanding to be used in Basic EPS.

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