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Let there be a Company A that has 100 thousand shares outstanding at the start...

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Finance

Let there be a Company A that has 100 thousand shares outstanding at the start of the year i.e. 1 January. The company issued 20 thousand new shares on 1 April. On 1 August, the company did a split of shares in the ratio 1:3 i.e. an investor received 2 extra shares for one share each. What is the weighted average shares outstanding? a. 120,000 b. 240,000 c. None of the above d. 360,000 e. 300,000 f. 100,000

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