! Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2017 Net income 2017 2018 Preferred stock dividends Average shares outstanding (in millions) Stock price 2018 $ 120 30 250 11.47 $ ($ in millions) Earnings per Share LA LA $ tA $ $ $ Required: 1-a. Calculate earnings per share in 2017 and 2018. (Enter your answer in millions (i.e. 5,500,000 should be entered as 5.5).) 210 21 500 10.42

! Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2017 Net income 2017 2018 Preferred stock dividends Average shares outstanding (in millions) Stock price 2018 $ 120 30 250 11.47 $ ($ in millions) Earnings per Share LA LA $ tA $ $ $ Required: 1-a. Calculate earnings per share in 2017 and 2018. (Enter your answer in millions (i.e. 5,500,000 should be entered as 5.5).) 210 21 500 10.42

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 93.6C

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Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price Required: 1-a. Calculate earnings per share in 2023 and 2024. 1-b. Did earnings per share increase in 2024? 2024 $156 $23 300 $11.87 2023 $188 $18 400 $10.82
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! Required information [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) Net income 2017 2018 Preferred stock dividends Average shares outstanding (in millions) Stock price ($ in millions) Price-Earnings Ratio $ + LA LA 2018 120 30 250 $ 11.47 $ $ LA LA $ 2-a. Calculate the price-earnings ratio in 2017 and 2018. (Enter your answer in millions rounded to 2 decimal places (i.e. 5,550,000 should be entered as 5.55).) 2017 210 21 500 10.42 =
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