Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During...
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Exercise 10-9 (Algo) Calculate EPS reported before stock split and stock dividend LO 10-9 During the fiscal year ended September 30, 2023, Worrell incorporated had a 5-for-1 stock split and a 5% stock dividend. In its annual report for 2023 , the company reported earnings per share for the year ended September 30,2022 , on a restated basis, of $0.40. Required: Calculate the originally reported earnings per share for the year ended September 30, 2022. Note: Round your answer to 2 decimal places
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