1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lawyer [7]
3 years ago
10

McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January

1 and sold 36 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $47 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
Nutka1998 [239]3 years ago
3 0

Answer:

the earning per share is $1.43 per share

Explanation:

The computation of the earning per share is shown below:

= Net income ÷ weighted no of shares

= $741 million ÷ (544 million shares - 36 million × 10 ÷ 12 + 6 million × 8 ÷ 12)

= $741 million ÷ (544 - 30 + 4)

= $1.43 per share

Hence, the earning per share is $1.43 per share

The same should be considered and relevant

You might be interested in
A young worker is starting her first job at a research lab. She spent four years
Lelechka [254]

Answer: Market economy

Explanation: A P E X

7 0
3 years ago
Jack performs his work and his assignments well. Jack is demonstrating that he is _____.
Alenkinab [10]
A and c because jack knows how to do his work
3 0
3 years ago
Read 2 more answers
Which of the following is not an example of IFRS simplified for SMEs?
Ludmilka [50]

Answer:

b. all development cost are expensed as incurred

6 0
3 years ago
What detail will a purchase specification for milk usually include?
ahrayia [7]

Answer:

I would try C packing size.

8 0
2 years ago
10. The overall levels of income, employment, and prices are determined by the spending and production decisions
Bogdan [553]

Answer:

A. Households

B. Businesses

C. Government

Explanation:

\large{\mathfrak{꧁HeavenMistress꧂}}

7 0
2 years ago
Read 2 more answers
Other questions:
  • A comparative advantage is the ability of a country to produce a particular good or service at a lower ____________ than another
    5·1 answer
  • Lakeland Company is considering the purchase of equipment for $150,000. The equipment will expand the Company's production and i
    6·1 answer
  • Bond valuationThe process of bond valuation is based on the fundamental concept that the current price of a security can be dete
    11·1 answer
  • One of the other employees has been coming to work 20 minutes late for the past week. The rest of the employees have picked up t
    7·2 answers
  • Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contrib
    11·1 answer
  • In projecting operating expenses for the second and third year costs like ________ are likely to remain stable unless new equipm
    8·1 answer
  • Which type of pricing orientation guarantees revenue on every sale, but runs the risk of having a competitor with potentially lo
    10·1 answer
  • Tim, a real estate investor, Ken, a dealer in securities, and Hardware, Inc., a retail lumber store, form a partnership called H
    12·1 answer
  • Evan and Rosa have two young children. Evan has a full-time job as a truck driver, and Rosa is currently applying for jobs. What
    15·1 answer
  • What is the role of the Federal Reserve in the U.S. economy?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!