Financial information for Forever 18 includes the following selected data (in millions): Required: 1. Calculate earnings per

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Financial information for Forever 18 includes the following selected data (in millions):

Required:
1. Calculate earnings per share in 2014 and 2015. Did earnings per share increase in 2015?
2. Calculate the price-earnings ratio in 2014 and 2015. In which year is the stock priced lower in relation to reportedearnings?

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Financial Accounting

ISBN: 978-0078025549

3rd edition

Authors: J. David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 15, 2014 04:04 AM

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Financial information for Forever 18 includes the following selected data (in millions): Required: 1. Calculate earnings per

Question:

2015 2014 (S in millions) Net income Preferred stock dividends Average shares outstanding (in millions) Stock price S650 S40 400 S20.50 S480 S30 340 S18.60

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Requirement 1 in millions Net Income less preferred stock dividends Average Share...View the full answer

Financial Accounting

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