On 15 July, an analyst is examining a company with a fi scal year ending on 31 December. Use the following data to calculate the company’s trailing 12 month earnings (forthe period ended 30 June 2010):• Earnings for the year ended 31 December, 2009: $1,200;• Earnings for the six months ended 30 June 2009: $550; and• Earnings for the six months ended 30 June 2010: $750.
On 15 July, an analyst is examining a company with a fi scal year ending on 31 December. Use the following data to calculate the company’s trailing 12 month earnings (forthe period ended 30 June 2010):• Earnings for the year ended 31 December, 2009: $1,200;• Earnings for the six months ended 30 June 2009: $550; and• Earnings for the six months ended 30 June 2010: $750.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On 15 July, an analyst is examining a company with a fi scal year ending on 31 December. Use the following data to calculate the company’s trailing 12 month earnings (for
the period ended 30 June 2010):
• Earnings for the year ended 31 December, 2009: $1,200;
• Earnings for the six months ended 30 June 2009: $550; and
• Earnings for the six months ended 30 June 2010: $750.
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