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2020 Financial information for Forever 18 includes the following selected data: 2021 ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 1-b. Did earnings per share increase in 2021? No Yes 2021 $ $ 141 27 300 $11.62 2020 $ 105 $ 22 250 $10.57

2020 Financial information for Forever 18 includes the following selected data: 2021 ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 1-b. Did earnings per share increase in 2021? No Yes 2021 $ $ 141 27 300 $11.62 2020 $ 105 $ 22 250 $10.57

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2020 Financial information for Forever 18 includes the following selected data: 2021 ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 1-b. Did earnings per share increase in 2021? No Yes 2021 $ $ 141 27 300 $11.62 2020 $ 105 $ 22 250 $10.57
Transcribed Image Text:2020 Financial information for Forever 18 includes the following selected data: 2021 ($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 1-b. Did earnings per share increase in 2021? No Yes 2021 $ $ 141 27 300 $11.62 2020 $ 105 $ 22 250 $10.57
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