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

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Financial information for Forever 18 includes the following selected data:

Required:
1. Calculate earnings per share in 2017 and 2018. Did earnings per share increase in 2018?
2. Calculate the price-earnings ratio in 2017 and 2018. In which year is the stock priced lower in relation to reported earnings?

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Financial Accounting

ISBN: 978-1259307959

4th edition

Authors: David Spiceland, Wayne Thomas, Don Herrmann

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Question Posted: Jul 22, 2016 10:09 AM

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

Question:

($ in millions) Net income Dividends on preferred stock Average shares outstanding (in millions) Stock price 2018 2017 $ 129 308 $ 20 15 400 $12.02 $10.97 150

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Requirement 1 in millions Net Income Minus Preferred Dividends Average Shares ...View the full answer

Financial Accounting

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