Suppose a firm has 16.4 million shares of common stock outstanding and eight candidates are up for election to four seats on the board of directors.

a.	If the firm uses cumulative voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?

Minimum number of votes:

b.	If the firm uses straight voting to elect its board, what is the minimum number of votes needed to ensure election of one member to the board?

Minimum number of votes:

2.

Use the information in the following stock quote to calculate Abercrombie & Fitchs earnings per share over the last year. (Round your answer to 2 decimal places. (e.g., 32.16))

(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)
Name	Symbol	Open	High	Low	Close	Net Chg	%Chg	Volume	52 Week High	52 Week Low	Div	Yield	PE	YTD %Chg
Abercrombie & Fitch	ANF	37.89	38.41	37.20	37.60	?2.01	?5.07	2,343,747	51.12	28.76	0.90	2.39	55.29	5.89

Earnings per share

$