Question: Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price

Financial information for Forever 18 includes the following selected data: ($ in

millions) Net income Dividends on preferred stock Average shares outstanding Stock price

Financial information for Forever 18 includes the following selected data: ($ in millions) Net income Dividends on preferred stock Average shares outstanding Stock price 2024 $93 $27 150 $11.17 2023 $228 $18 400 $10.12 Required: 1-a. Calculate earnings per share in 2023 and 2024. 1-b. Did earnings per share increase in 2024?

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