EPS

Date…Shares O/S Jan 1st 2004…180K June 1st…60K Aug 1st…2 for 1 split Dec 31st…480K O/S The weighted avg # of shares outstanding is closest to: A. 210K B. 215K C. 420K D. 430K Thanks

Revising to reflect the split, you have: Jan 1 2004: 360 (five months) June 1 2004: 480 (seven months) The weighted average is 430.

D 180 *2 *12 = 4320 60*2*7 = 840 4320+420 = 5160 / 12 = 430

D 180,000*2=360000 60*7*2/12=70,000 total = 430K

Would it be incorrect to do it this way? 180*2=360 (60*7/12)*2 = 70 Edit:nvm…thanks Smeet.

actually that is an easier way since u need to weight the shares.