Question: Stanko Company reported $ 4 0 7 . 2 0 0 million in net income in 2 0 2 4 . On January 1 ,

Stanko Company reported $407.200 million in net income in 2024. On January 1,2024, the company had 392 million shares of common stock outstanding. On March 1,2024,19.2 million new shares of common stock were sold for cash. On June 1,2024, the company's common stock split 2 for 1. On July 1,2024,3.2 million shares were reacquired as treasury stock.
Required:
Compute Stanko's basic earnings per share for the year ended December 31,2024.
Note: Round your answer to 2 decimal places.
Stanko Company reported $ 4 0 7 . 2 0 0 million

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!