![uehlingt39](/avatars/34336.jpg)
uehlingt39
14.08.2020 •
Business
Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $ 156 $ 188 Preferred stock dividends $ 23 $ 18 Average shares outstanding (in millions) 300 400 Stock price $ 11.87 $ 10.82 Required: 1-a. Calculate earnings per share in 2017 and 2018
Solved
Show answers
More tips
- S Style and Beauty How to Apply Foundation Correctly?...
- A Animals and plants How to Store Carrots: Tips for Homeowners...
- L Legal consultation Juvenile Justice: Who Needs It?...
- F Family and Home How to Choose the Best Diapers for Your Baby?...
- F Family and Home Parquet or laminate, which is better?...
- L Leisure and Entertainment How to Properly Wind Fishing Line onto a Reel?...
- L Leisure and Entertainment How to Make a Paper Boat in Simple Steps...
- T Travel and tourism Maldives Adventures: What is the Best Season to Visit the Luxurious Beaches?...
- H Health and Medicine Kinesiology: What is it and How Does it Work?...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
Answers on questions: Business
- B Business When recording responses to open-ended questions, it is okay for the interviewer to rephrase the respondents answers?...
- S Social Studies Four residents of lake town share one common lake. Fishing in the lake is free to anyone who rents a boat. Renting a boat costs $150 per week....
- H History Which of the following was not a primary cause of world war 1...
- A Arts Felt safe in a life of devotion But my life got wrecked I was broken The scar set deep in my heart Brought never ending waves of pain like the ocean Too tired to fight...
Ответ:
$0.4433 and $0.425
Explanation:
The computation of the earning per share is shown below:
Earning per share is
= (Net income - preference dividend) ÷ (average shares outstanding)
For 2017, it is
= ($156 - $23) ÷ (300 shares)
= $0.4433
For 2018, it is
= ($188 - $18) ÷ (400 shares)
= $0.425
We simply applied the above formula so that the earning per share could be come for both the years
Ответ:
the answer is not here the answer is deficit but I will pick depreciated