=+LG 4 P147 Alternative dividend policies Over the past 10 years, a firm has had the earnings

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=+LG 4 P14–7 Alternative dividend policies Over the past 10 years, a firm has had the earnings per share shown in the following table.

Year Earnings per share Year Earnings per share 2019 $4.00 2014 $2.40 2018 3.80 2013 1.20 2017 3.20 2012 1.80 2016 2.80 2011 -0.50 2015 3.20 2010 0.25

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