The following information (in millions of dollars) is available for Limited Brands for 2007: Sales revenue $10,671;

Question:

The following information (in millions of dollars) is available for Limited Brands for 2007: Sales revenue $10,671; net income $676; preferred stock dividend $0; average shares outstanding 402 million. Compute the earnings per share for Limited Brands for 2007.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...