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Anonymous

Dec 07, 2024

Financial information for Forever 18 includes the following selected data (in millions): ($ in millions) 2018 2017 Net income $ 156

Financial information for Forever 18 includes the following selected data (in millions):

| ($ in millions) | 2018 | 2017 | |--------------------------|------|------| | Net income | $156 | $188 | | Preferred stock dividends | $23 | $18 | | Average shares outstanding (in millions) | 300 | 400 | | Stock price | $11.87 | $10.82 |

Required: 1-a. Calculate the earnings per share for the years 2017 and 2018.

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Adan Nicolas I

Jan 29, 2025

$0.4433 and $0.425 Explanation:The computation of the earning per share is shown below:Earning per share is = (Net income - preference dividend) ÷ (average shares outstanding)For 2017, it is = ($156 - $23) ÷ (300 shares)= $0.4433For 2018, it is = ($188 - $18) ÷ (400 shares)= $0.425We simply applied the above formula so that the earning per share could be come for both the years
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Anonymous

Jan 14, 2025

Asolar eclipse occurs when the moon gets between earth and the sun, and the moon casts a shadow over earth. a solar eclipse can only take place at the phase of new moon, when the moon passes directly between the sun and earth and its shadows fall upon earth's surface.
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