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McDonnell-Myer Corporation reported net income of $900 million. The company had 434 million common shares outstanding at January 1and sold 24 million shares on Feb.
McDonnell-Myer Corporation reported net income of $900 million. The company had 434 million common shares outstanding at January 1and sold 24 million shares on Feb. 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $28 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.) arnings per share
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