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Required information Exercise 10-16A Calculate and analyze ratios (LO10-8) [The following information applies to the questions...

Required information

Exercise 10-16A Calculate and analyze ratios (LO10-8)

[The following information applies to the questions displayed below.]

Financial information for Forever 18 includes the following selected data:

($ in millions except share data) 2021 2020
Net income $ 180 $ 270
Dividends on preferred stock $ 33 $ 24
Average shares outstanding (in millions) 225 375
Stock price $ 11.32 $ 10.27

Exercise 10-16A Part 1

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).)


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