[The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data:

 

($ in millions except share data) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2021 $ 172 2020 $ 185 05 $ 24 400 $11.82 $ 19 500 $10.77 Required: 1-a. Calculate earnings per share in 2020 and 2021. (Enter your answers in millions (i.e. 5,500,000 should be entered as 5.5).) Earnings Per Share 2020 2021 1-b. Did earnings per share increase in 2021? No Yes