CNZ Co. had 1,270,000 shares outstanding at the beginning of the year1 June 20X8. During...
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CNZ Co. had 1,270,000 shares outstanding at the beginning of the year1 June 20X8. During the year, the following transactions occurred: 1 August 20X85,700 share options with an exercise price of $42 per share, were exercised. 1 October 20X8A 5:1 stock split was completed. 1 February 20X9The company repurchased 507,000 shares for $27 each. For the year ended 31 May 20X9, the company reported net earnings of $1,726,500.
Required: Compute the basic EPS for the company for the year ended 31 May 20X9. (Do not round intermediate calculations and round your answer to 2 decimal places.)
Basic EPS =
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