Calculate the 2012 earnings per share that will be reported


Required:

a. For the year ended December 31, 2012, Finco, Inc., reported earnings per share of $6.70. During 2013, the company had a 3-for-1 stock split. Calculate the 2012 earnings per share that will be reported in Finco's 2013 annual report for comparative purposes. (Round your answer to 2 decimal places.)

Earnings per share:

b. Additionally, during 2014, Finco had a 3-for-1 stock split. Calculate the 2012 earnings per share that will be reported in Finco's 2014 annual report for comparative purposes. (Round your answer to 2 decimal places.)

Earnings per share: ________________________

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Accounting Basics: Calculate the 2012 earnings per share that will be reported
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