Question - The following information pertains to Welsh Corp.'s outstanding stock for 2009:
Common stock, $1 par value
Shares outstanding, 1/1/09 10,000
Purchased treasury stock 2/1/09 600
2-for-1 stock split, 4/1/09 10,000
Shares issued, 7/1/09 5,000
Preferred stock, $20 par value, 6% cumulative
Shares outstanding, 1/1/09 4,000
Net income for the year was $125,000.
Required -
A) How much is the weighted average number of shares?
B) How much is the EPS for the Welsh Company?