Question: McDonnell Myer Corporation reported net income of 741 million The company
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 Feb. 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.
Answer to relevant QuestionsAt December 31, 2012 and 2013, Funk & Noble Corporation had outstanding 820 million shares of common stock and 2 million shares of 8%, $100 par value cumulative preferred stock. No dividends were declared on either the ...At December 31, 2012, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2013, Albrecht sold for cash 12,000 ...On October 15, 2012, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2013, 20 million stock options were granted, exercisable for 20 million shares of ...At January 1, 2013, Canaday Corporation had outstanding the following securities:600 million common shares20 million 6% cumulative preferred shares, $50 par8% convertible bonds, $2,000 million face amount, convertible into ...In 2012, Quapau Products introduced a new line of hot water heaters that carry a one-year warranty against manufacturer’s defects. Based on industry experience, warranty costs were expected to approximate 5% of sales ...
Post your question