The 2017 annual report of Software City, Inc., included the following comparative summary of earnings...
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Accounting
The 2017 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years.
2017
2016
2015
Earnings per share
$
3.15
$
2.40
$
1.64
In 2018, Software City, Inc., declared and distributed a 2-for-1 stock split. Following this distribution of stock, the company reported earnings per share of $1.88 for 2018.
a. Prepare a three-year schedule similar to the one given, but compare earnings per share during the years 2018, 2017, and 2016. (Hint: All per-share amounts in your schedule should be based on the number of shares outstanding after the stock dividend.) (Round your answers to 2 decimal places.)
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