Question

Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $9,360; net income $200; preferred dividend $0; and weighted-average shares outstanding 377 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $enter earnings per share in dollars rounded to 2 decimal places Click if you would like to Show Work for this question: Open Show Work

Answer 1

Net income	$      200,000,000
Less: Preferred Dividend	$                          -
Net income available for Common shareholders-A	$      200,000,000
Weighted average shares outstanding - B	377,000,000
Earning per share (A/B)	$                     0.53