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On December 31, 2017 Berclair Inc. had 400 million shares of common stock and million shares of $100 par vecumulative preferred stock issued and outstanding
On December 31, 2017 Berclair Inc. had 400 million shares of common stock and million shares of $100 par vecumulative preferred stock issued and outstanding On March 1. 2018, Berclair purchased 60 million shares of its common stock asteasuryo Berelair issued a 6% common stock dividend on July 1, 2018. Four million treasury shares were sold on October Newcome for the year ended December 31, 2018, was $400 milion Also outstanding at December 31 were 45 million incentive stock options granted to key executives on September 12.2003 The options were exercisable as of September 13, 2017, for 45 million common shares at an exercise price of $50 per share Doning 2016 the market price of the common shares averaged $75 per share The options were exercised on September 1, 2018. Required: Compute Berclair's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in millions le 10,000,000 should be entered os 10).) Numerator 1 Denominator Earnings per Share Basic EPS Diluted EPS 1
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