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During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split...

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Accounting

During the fiscal year ended September 30, 2020, Worrell Inc. had a 2-for-1 stock split and a 4% stock dividend. In its annual report for 2020, the company reported earnings per share for the year ended September 30, 2019, on a restated basis, of $0.90. Required:

Calculate the originally reported earnings per share for the year ended September 30, 2019. (Round your answer to 2 decimal places.)

My answer: 1.872= 1.87

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