Question: Need solution Limitless Ltd. had the following information for the year 2020: 1-Jan-20 Opening balance of common shares issued 57,000 1-Feb-20 # of common shares

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Limitless Ltd. had the following information for the year 2020: 1-Jan-20 Opening balance of common shares issued 57,000 1-Feb-20 # of common shares repurchased 2,850 1-Jun-20 # of common shares issued 7,410 1-Nov-20 Share split distributed 3 :1 Limitless Ltd. had a profit for 2020 S 164,000 Limitless Ltd.'s preferred share (cumulative) dividend 32,800 NOTE: Limitless Ltd. did not declare a dividend in 2020 REQUIRED: a) Calculate the weighted average number of common shares (WACS) outstanding for the year. b) Using the information provided and your calculation in part a), calculate the earnings per share for Limitless Ltd. For 2020

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