Weighted Average Common Shares Outstanding (WACSO) Posted by Bill Campbell III, CFA on September 24, 2013. One key to computing earnings per share (EPS) is computing the number of shares of common stock to use in the denominator; we call this number the weighted average common shares outstanding (WACSO). There are two ways to calculate WACSO; weâll cover both.
Types of Cattle Operations California ranches consist of one or more of four types of operations: cow-calf, seed stock, stocker, and feedlot. A cow-calf operation maintains a breeding herd of cows, replacement heifers (young females) and bulls.
In the scheme of industrial beef production, the ranch is called a cow-calf operation. It is an operation since the calf wasn't conceived the way nature intended. It was the product of artificial insemination; mother and father never got to look each other in the eye.