Find the Weighted outstanding shares: Jan 1, 2004 180,000 shares outsanding Jun 1, 2004 60,000 shares issued Aug 1, 2004 2 to 1 split Dec 31, 2004 480,000 shares outstanding A. 210,000 B. 215,000 C. 420,000 D. 430,000 plz let me know!
D: (180k +35k )*2
D
D
answers D how is it D, can u show the calc??
180,000 x 12/12 x 2 = 360,000 60,000 x 7/12 x 2 = 70,000 360,000 + 70,000 = 430,000
Restate the figures before the split to account for the split: Jan 1: 360,000 (five months) June 1: 480,000 (seven months) Take the weighted average: 430,000.
Adjust for the stock split January 1 - 360K June - 120K Now calculate the weighted average 360K + 120K * (7/12) = 430K
Ah, bloody hell, i did 6/12. SIlly me . Thx all!