Question: Please solve a b and c and show your work. Calculating EPS: Simple Capital Structure and 3 years C-Bay Inc.'s accounting year ends on December
Please solve a b and c and show your work.
Calculating EPS: Simple Capital Structure and 3 years C-Bay Inc.'s accounting year ends on December 31. During the following three years, with Year 3 as the most recent year, its common shares outstanding changed as follows. Required a. For purposes of calculating EPS at the end of each year, determine the number of shares outstanding. Hint: Consider each reporting year separately. b. For purposes of calculating EPS at the end of Year 3, when three years of comparative statements are prepared, determine the number of shares outstanding for each year. c. Compute EPS for each year based on computations in part b. Assume net income is $375,000,$330,000, and $299,000, for Year 3, Year 2, and Year 1, respectively. Note: Enter the earnings per share amounts in dollars and cents, rounded to the nearest penny
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
