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Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19-5, 19-6, 19-7] On December 31, 2023, Berclair Incorporated had 220 million
Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19-5, 19-6, 19-7] On December 31, 2023, Berclair Incorporated had 220 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock Issued and outstanding. - On March 1, 2024, Berclair purchased 30 million shares of its common stock as treasury stock. - Berclair issued a 5\% common stock dividend on July 1, 2024. - Five million treasury shares were sold on October 1. - Net Income for the year ended December 31, 2024, was $200 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate calculatlons. Enter your answers In millions (l.e., 10,000,000 should be entered as 10)
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