Earnings In 2010, Revelation, Inc., reported the following statistics. 2010 2009 Basic Earnings Per Share $3.60 $2.70 In 2011, their comparative earnings per share were reported as follows. 2011 2010 2009 Basic Earnings Per Share $3.61 $3.00* $2.25* However, the note referred to by the asterisk (*) was inadvertently omitted. You are informed that the firm is basically the same and that there has been no change in accounting principle. Required: a. What information should have been reported in the missing note? b. Should the price/earnings ratio be changed by the transaction that caused the change in earnings per share? c. List two other profit-related measures other than earnings per share that would be changed because of this transaction. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help
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