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Financial information for Forever 18 includes the following selected data: ...

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Accounting

Financial information for Forever 18 includes the following selected data:
($ in millions)20242023
Net income $120 $210
Dividends on preferred stock $30 $21
Average shares outstanding 250500
Stock price $11.47 $10.421-a. Calculate earnings per share in 2023 and 2024.
1-b. Did earnings per share increase in 2024? Calculate earnings per share in 2023 and 2024.(Enter your answers in millions (i.e.5,500,000 should be entered as 5.5).)

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