On January 1 st , Ajax Inc. had 100M shares outstanding. During the year they have the
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Question:
On January 1st, Ajax Inc. had 100M shares outstanding. During the year they have the following events:
Date Economic Event
March 1 Issued stock dividend of 15%
May 1 Issued 10M additional shares of common stock
July 1 2 to 1 stock split
November 1 Purchase 2M shares in the open market
Ajax has net income of $150M and paid preferred dividends of $2.5M.
Required:
Calculate basic EPS for Ajax in that year.
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
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