Question
Brief Exercise 19-12 (Algo) EPS; shares issued; shares retired [LO19-5, 19-6] McDonnell-Myer Corporation reported net income of $864 million. The company had 423 million common
Brief Exercise 19-12 (Algo) EPS; shares issued; shares retired [LO19-5, 19-6]
McDonnell-Myer Corporation reported net income of $864 million. The company had 423 million common shares outstanding at January 1 and sold 18 million shares on February 28. As part of an annual share repurchase plan, 9 million shares were retired on April 30 for $26 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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Fundamental Accounting Principles
Authors: Larson Kermit, Tilly Jensen
Volume I, 14th Canadian Edition
978-0071051507
