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Compute basic EPS for the first year of operation

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Question - TWU Company began operations on January 1, 2020, when the firm issued 90,000 shares of common stock. TWU issued 60,000 more shares on March 1 and on July 1, they issued another 20,000 shares. On December 1, TWU Company repurchased 6000 shares of outstanding shares. Compute basic EPS for the first year of operation if net income was $100,000.

a. $0.80

b. $1.67

c. $1.11

d. $0.67

e. None of these is correct.

Reference no: EM132531660

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