Question
McDonnell-Myer Corporation reported net income of $1,998 million. The company had 499 million common shares outstanding at January 1 and sold 54 million shares
McDonnell-Myer Corporation reported net income of $1,998 million. The company had 499 million common shares outstanding at January 1 and sold 54 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $35 per share. Calculate McDonnell-Myer's earnings per share for the year. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Earnings per share
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
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