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[The following inflmaon p Financial information for Forever 18 includes the following selected data (in millions); 2018 2017 ($ In millions) Net Income DMdends on

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[The following inflmaon p Financial information for Forever 18 includes the following selected data (in millions); 2018 2017 ($ In millions) Net Income DMdends on preferred stock Average shares outstanding (In Stock price $160 $171 $ 22 $ 17 300 $ 11.92 10.87 millions 250 value: 10.00 points Required 1-a. Calculate earnings per share in 2017 and 2018. (Enter your answer in millions (i.e. 5,500,000 should be S in millions) Earnings per Share 2017 2018 1-b. Did earnings per share increase in 2018? O No O Yes

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