The 2010 annual report of software city inc included the, Ask an Expert

Accounting

The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years:

Earnings per share- 2010: $3.15... 2009: $2.40... 2008: $1.64
In 2011, Software city inc, declared and distributed a 100 percent stock dividend. Following this stock dividend, the company reported earnings per share of $1.88 for 2011.

A. Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009. (hint: all per-share amounts in your schedule should be based on the number of shares outstanding after the stock dividend.) Round your answers to 2 decimal places.

Earnings per share- 2011 ? .... 2010 ?.... 2009 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975767

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