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  3. ($ in millions)20242023 net income $120 $210 d

($ in millions)20242023 Net income $120 $210 Dividends on preferred stock...

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Question

Accounting

($ in millions)20242023
Net income $120 $210
Dividends on preferred stock $30 $21
Average shares outstanding 250500
Stock price $11.47 $10.42
Required:
1-a. Calculate earnings per share in 2023 and 2024.
1-b. Did earnings per share increase in 2024?

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