Required information (The following information applies to the questions displayed below Financial information for Forever 18 includes the following selected data: (S in eillions except share data) Net income Dividends on preferred stock Average shares outstanding (in nillions) Stock price 2021 2020 $ 120 $30 $ 210 21 250 $11.47 $10.42 Required: 1-a. Calculate eanings 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 2020 2021 1-b. Did earnings per share increase in 2021? O Yes O No
Required information (The following information applies to the questions displayed below Financial information for Forever 18 includes the following selected data: (S in eillions except share data) Net income Dividends on preferred stock Average shares outstanding (in nillions) Stock price 2021 2020 $ 120 $30 $ 210 21 250 $11.47 $10.42 Required: 1-a. Calculate eanings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? O Yes O No
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Required information
(The following information applies to the questions displayed below.
Financial information for Forever 18 includes the following selected data:
($ in millions except share data)
Net income
2021
$ 120
$ 30
2020
$ 210
$21
Dividends on preferred stock
Average shares outstanding (in millions)
Stock price
250
s00
$11.47
$10.42
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
2020
2021
1-b. Did earnings per share increase in 2021?
O Yes
O No
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