Burns Company reported $931.480 million in net income in 2021. On January 1, 2021, the company...

 

Transcribed Image Text:

Burns Company reported $931.480 million in net income in 2021. On January 1, 2021, the company had 404 million shares of common stock outstanding. On March 1, 2021, 26.4 million new shares of common stock were sold for cash. On June 1, 2021, the company's common stock split 2 for 1. On July 1, 2021, 10.4 million shares were reacquired as treasury stock. Required: Compute Burns' basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share Burns Company reported $931.480 million in net income in 2021. On January 1, 2021, the company had 404 million shares of common stock outstanding. On March 1, 2021, 26.4 million new shares of common stock were sold for cash. On June 1, 2021, the company's common stock split 2 for 1. On July 1, 2021, 10.4 million shares were reacquired as treasury stock. Required: Compute Burns' basic earnings per share for the year ended December 31, 2021. (Round your answer to 2 decimal places.) Earnings per share

Answer rating: 100% (QA)

To compute Burns basic earnings per share EPS for the year ended December 31 2021 we need to conside... View the full answer