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Category > Accounting Posted 30 May 2017 My Price 3.00

Calculate originally reported EPS before stock split

Calculate originally reported EPS before stock split During the fiscal year ended June 30, 2014, Jones Co. had a 3-for-1 stock split. In its annual report for 2014, the company reported earnings per share for the year ended June 30, 2013, on a restated basis, of $0.90.

Required:

Calculate the originally reported earnings per share by Jones Co. for the year ended June 30, 2013.

 

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Alpha Geek
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Status NEW Posted 30 May 2017 09:05 AM My Price 3.00

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file 1496137507-Answer.docx preview (90 words )
C-----------alc-----------ula-----------te -----------ori-----------gin-----------all-----------y r-----------epo-----------rte-----------d E-----------PS -----------bef-----------ore----------- st-----------ock----------- sp-----------lit----------- Du-----------rin-----------g t-----------he -----------fis-----------cal----------- ye-----------ar -----------end-----------ed -----------Jun-----------e 3-----------0, -----------201-----------4, -----------Jon-----------es -----------Co.----------- ha-----------d a----------- 3------------for------------1 -----------sto-----------ck -----------spl-----------it.----------- In----------- it-----------s a-----------nnu-----------al -----------rep-----------ort----------- fo-----------r 2-----------014-----------, t-----------he -----------com-----------pan-----------y r-----------epo-----------rte-----------d e-----------arn-----------ing-----------s p-----------er -----------sha-----------re -----------for----------- th-----------e y-----------ear----------- en-----------ded----------- Ju-----------ne -----------30,----------- 20-----------13,----------- on----------- a -----------res-----------tat-----------ed -----------bas-----------is,----------- of----------- $0-----------.90-----------. -----------Req-----------uir-----------ed:----------- C-----------alc-----------ula-----------te -----------the----------- or-----------igi-----------nal-----------ly -----------rep-----------ort-----------ed -----------ear-----------nin-----------gs -----------per----------- sh-----------are----------- by----------- Jo-----------nes----------- Co-----------. f-----------or -----------the----------- ye-----------ar -----------end-----------ed -----------Jun-----------e 3-----------0, -----------201-----------3. ----------- An-----------swe-----------r: ----------- G-----------ive-----------n: -----------Dur-----------ing----------- th-----------e f-----------isc-----------al -----------yea-----------r e-----------nde-----------d J-----------une-----------
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