For the year ended December 31, 2018, Finco Inc. reported earnings per share of $5.70. Answer the following questions: Required: During 2019, the company had a 4-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes. During 2020, Finco had an additional 3-for-1 stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2020 annual report for comparative purposes. Assume that Finco had issued a 14% stock dividend in 2019 and did not have a stock split. Calculate the 2018 earnings per share that will be reported in Finco's 2019 annual report for comparative purposes.
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