Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 4

Calculate EPS reported before stock split and stock dividend During the fiscal year ended September 30, 2017, Worrell, Inc., had a 2-for-1 stock split and a 5% stock dividend. In its annual report for 2017, the company reported earnings per share for the year ended September 30, 2016, on a restated basis, of $1.20.
Required:
Calculate the originally reported earnings per share for the year ended September 30, 2016.