Exercise 10-19 (Algo) Calculate and analyze ratios (LO10-8) [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Exercise 10-19 (Algo) Part 1 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? 2023 Req la 2024 Complete this question by entering your answers in the tabs below. Req 1b Numerator/Denominator 2024 Calculate earnings per share in 2023 and 2024. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share < Req1a $182 $29 260 $11.72 Amounts 2023 Req 1b > $279 $24 450 $10.67
Exercise 10-19 (Algo) Calculate and analyze ratios (LO10-8) [The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Exercise 10-19 (Algo) Part 1 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? 2023 Req la 2024 Complete this question by entering your answers in the tabs below. Req 1b Numerator/Denominator 2024 Calculate earnings per share in 2023 and 2024. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share < Req1a $182 $29 260 $11.72 Amounts 2023 Req 1b > $279 $24 450 $10.67
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Exercise 10-19 (Algo) Calculate and analyze ratios (LO10-8)
[The following information applies to the questions displayed below.]
Financial information for Forever 18 includes the following selected data:
($ in millions)
Net income
Exercise 10-19 (Algo) Part 1
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?
2023
Req la
2024
Complete this question by entering your answers in the tabs below.
Req 1b
Numerator/Denominator
2024
Calculate earnings per share in 2023 and 2024. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Earnings Per Share
< Regia
$182
$29
260
$11.72
Amounts
2023
Req 1b >
$279
$24
450
$10.67](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5bd61b50-5c88-4580-bd29-b4b6e84ce760%2F5e7640e0-54b3-49f1-9b12-68f20d2a043d%2F35k1eb8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 10-19 (Algo) Calculate and analyze ratios (LO10-8)
[The following information applies to the questions displayed below.]
Financial information for Forever 18 includes the following selected data:
($ in millions)
Net income
Exercise 10-19 (Algo) Part 1
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?
2023
Req la
2024
Complete this question by entering your answers in the tabs below.
Req 1b
Numerator/Denominator
2024
Calculate earnings per share in 2023 and 2024. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).)
Earnings Per Share
< Regia
$182
$29
260
$11.72
Amounts
2023
Req 1b >
$279
$24
450
$10.67
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