Requlred Informatlon [The following Information applies to the questions displayed below.] Selected Financlal Data for Varlety World follows: ($ in millions except share data) 2021 2020 Net income $ 120 $ 210 Dividends on preferred stock Average shares outstanding (in millions) Stock price 30 21 250 500 $11.47 $10.42 Requlred: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In millons (I.e. 5,500,000 sho Earnings Per Share 2020

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 88PSA: Ratio Analysis Consider the following information taken from the stockholders equity section: How do...
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Required Informatlon
[The following Information applies to the questions displayed below.]
Selected Financial Data for Varlety World follows:
($ in millions except share data)
2021
2020
Net income
$ 120
210
Dividends on preferred stock
24
30
21
Average shares outstanding (in millions)
Stock price
250
500
$11.47
$10.42
Required:
1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In mlllons (I.e. 5,500,000 should be entered as 5.5).)
Earnings Per Share
2020
2021
Transcribed Image Text:Required Informatlon [The following Information applies to the questions displayed below.] Selected Financial Data for Varlety World follows: ($ in millions except share data) 2021 2020 Net income $ 120 210 Dividends on preferred stock 24 30 21 Average shares outstanding (in millions) Stock price 250 500 $11.47 $10.42 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers In mlllons (I.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021
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