Essay
You are given the following information about DWWR Ltd.: 130,000 common shares outstanding on January 1, 2012
$100,000 8% preferred shares, cumulative, nonconvertible dividends paid at the end of the year
12,000 shares sold on March 1, 2012
11,000 shares sold on September 1, 2012
4 for 1 Stock split recorded on October 1, 2012 Net Income for the year $2,340,000
Required:
Calculate the basic EPS.
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