Question: in 2018 company northern gold has earned dollar45000000 of net...
In 2018, company Northern Gold has earned $45,000,000 of net profit. The company is expected to pay $2,500,000 of preferred dividend. However, there were some changes of equity during the year:
1/1/2020, the number of shares outstanding was 23,000,000.
31/3/2020, issuing 1,000,000 new shares.
30/4/2020, issuing 500,000 new shares.
31/8/2020, stock split, for each owning shares, the shareholders were owning 2 more after the stock split.
31/10/2020, buying back 1,000,000 shares.
What is the basic EPS?