McDonnell-Myer Corporation reported net income of $1,998 million. The company had 499 million common shares outstanding...

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McDonnell-Myer Corporation reported net income of $1,998 million. The company had 499 million common shares outstanding at January 1 and sold 54 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $35 per share. Calculate McDonnell-Myer's earnings per share for the year. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Earnings per share McDonnell-Myer Corporation reported net income of $1,998 million. The company had 499 million common shares outstanding at January 1 and sold 54 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $35 per share. Calculate McDonnell-Myer's earnings per share for the year. Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Earnings per share

Answer rating: 100% (QA)

We can calculate McDonnellMyers earnings per share EPS considering the weighted average number of shares outstanding throughout the year Heres a break... View the full answer