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On December 31, 2017, Berclair Inc. had 520 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock
On December 31, 2017, Berclair Inc. had 520 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018, Five million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $950 million. Required Compute Berclair's earnings per share for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator DenominatorEarnings per Share
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