Swift Technologies had 800,000 shares of common stock outstanding on January 1, issued 600,000 shares on October 1, and had net income applicable to common stock of $3,500,000 for the year ending December 31, 2022. What are the earnings per share (EPS) for 2022 (rounded to the nearest penny)?

Swift Technologies had 800,000 shares of common stock outstanding on January 1, issued 600,000 shares on October 1, and had net income applicable to common stock of $3,500,000 for the year ending December 31, 2022. What are the earnings per share (EPS) for 2022 (rounded to the nearest penny)?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 19E: Lyon Company shows the following condensed income statement information for the year ended December...

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