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McDonnell-Myer Corporation reported net income of $2,619 million. The company had 536 million common shares outstanding at January 1 and sold 60 million shares
McDonnell-Myer Corporation reported net income of $2,619 million. The company had 536 million common shares outstanding at January 1 and sold 60 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $39 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.) Earnings per share
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Financial Accounting Theory and Analysis Text and Cases
Authors: Richard G. Schroeder, Myrtle W. Clark, Jack Cathey
11th edition
9781118806500, 1118582799, 1118806506, 978-1118582794
