Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 2 - A Further Look at Financial Statements - Exercises - Page 79: E2-7

Answer

Earnings Per Share: Net ordinary income / Weighted Average # of Common shares outstanding

Work Step by Step

(W-1) Average ordinary shares outstanding Year 2005: (69,111,349 + 70,495,136) / 2 = 69,803 (Rounded to nearest thousand shares) Year 2006: (67,954,213 +70,495,136) / 2 = 69,225 (Rounded to nearest thousand shares)
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