Crocker Holding Company operates numerous businesses, including motel, auto rental, and real estate companies. The year 2016 was interesting for Crocker, which reported the following on its income statement (in millions):
Net revenues.................................................$3,936
Total expenses and other....................................3,360
Income from continuing operations........................$ 576
Income from discontinued operations, net of tax............84
Net income....................................................$ 660
During 2016, Crocker had the following (in millions, except for par value per share):
Common stock, $0.15 par value, 1,300 shares issued...............$ 195
Treasury stock, 500 shares at cost....................................(3,649)
Requirement
1. Using the end-of-chapter summary problem as an example, show how Crocker should report earnings per share for 2016; round EPS to the nearest cent.