Weighted no of shares outstanding
An analyst gathered following info about company ABC's common stock:
1 Jan 2007, 180,000 shares outstanding
1 Jun 2007 60,000 shares issued
1 Aug 2007 2-for-1 stock split
31 Dec 2007 480,000 shares outstanding
To calculate EPS for 2007, ABC's weighted no of shares outstanding close to:
A) 215,000
B) 420,000
C) 430,000 |