Suppose the following data were taken from the 2022 and 2021 financial statements of American Eagle Outfitters. (All numbers, including share data, are in thousands.)
| 2022 | 2021 | |
| Current assets | $ 903,000 | $958,100 |
| Total assets | 1,936,000 | 1,820,600 |
| Current liabilities | 430,000 | 368,500 |
| Total liabilities | 600,160 | 564,386 |
| Net income | 178,020 | 422,670 |
| Net cash provided by operating activities | 470,700 | 307,000 |
| Capital expenditures | 290,000 | 257,000 |
| Dividends paid on common stock | 77,000 | 74,300 |
| Weighted-average common shares outstanding | 207,000 | 219,000 |
Calculate earnings per share for each year. (Round answers to 2 decimal places, e.g. 15.25.)
During the year ended December 31, 2011, Bond in, Inc., split its stock on a 3-for-1 basis. In its annual report for 2010, the firm reported a net income of $980,000 for 2010, with an average of 251,900 shares of common stock outstanding for that year. There was no preferred stock.
a) What amount of net income for 2010 will be reported in Bondin’s 2011 annual report?
b) Calculate Bondin’s earnings per share for 2010 which would have been reported in the 2010 annual report.
c) Calculate Bondin’s earnings per share for 2010 which will be reported in the 2011 annual report for comparative purposes.
