Question-
Hancock Company had 400,000 of common outstanding throughout year 2012 and issued another 100,000 on October 1, 2012. Net income for the year ended December 31, 2012, was $1,530,000. Hancock does not have any preferred stock outstanding. What is Hancock's 2012 basic EPS, rounded to the nearest penny?
a. $3.03
b. $3.82
c. $3.60
d. $3.40
Additional information-
The question relates to Accounting Basics and it explanation about calculation of EPS or earnings per share.