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Posted: May 27th, 2024
B A 215 During the year ended December 31, 2014, Gluco, Inc.
During the year ended December 31, 2014, Gluco, Inc., split its stock on a 3-for-1 basis. In its annual report for 2013, the firm reported net income of $998,300 for 2013, with an average 283,300 shares of common stock outstanding for that year. There was no preferred stock.Required:a.What amount of net income for 2013 will be reported in Gluco's 2014 annual report? Net income: $_____________ b.Calculate Gluco's earnings per share for 2013 that would have been reported in the 2013 annual report.(Round your answer to 2 decimal places.) Earnings per share: $___________ c.Calculate Gluco's earnings per share for 2013 that will be reported in the 2014 annual report for comparative purposes. (Round your answer to 2 decimal places.)Earnings per share: $__________
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