Problem - The 2010 annual report of Software City, Inc., included the following comparative summary of earnings per share over the last three years:
2010 2009 2008
Earnings per share $3.15 $2.40 $1.64
In 2011, Software City, Inc., declared and distributed a 100 percent stock dividend. Following this stock dividend, the company reported earnings per share of $1.88 for 2011.
Prepare a three-year schedule similar to the one above, but compare earnings per share during the years 2011, 2010, and 2009.