$ Numerator 287 Denominator 248 X || = || $ EA Earnings per Share 1.16
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On December 31, 2023, Berclair Incorporated had 280 million shares of common stock and 7 million shares of 9%, $100 par value cumulative
- On March 1, 2024, Berclair purchased 48 million shares of its common stock as
treasury stock . - Berclair issued a 5% common stock dividend on July 1, 2024.
- Eight million treasury shares were sold on October 1.
- Net income for the year ended December 31, 2024, was $350 million.
Required:
Compute Berclair's earnings per share for the year ended December 31, 2024.
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