Business, 07.04.2020 21:40 richisolano14

On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transactions occurred during 2016: April 1: Reacquired 18,000 shares, accounted for as treasury stock. June 30: Sold all the treasury shares. October 1: Sold 30,000 new shares for cash. December 31 Reported a net income of $221,062. Calculate Bailey's basic earnings per share for the year ended December 31, 2016. (Round your answer to 2 decimal places.)

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On January 1, 2016, Bailey, Inc. had 84,810 shares of common stock outstanding. The following transa...

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