McDonnell-Myer Corporation reported net income of $2,960 million. The company had 546 million common shares...
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McDonnell-Myer Corporation reported net income of $2,960 million. The company had 546 million common shares outstanding at January 1 and sold 60 million shares on Feb. 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $40 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Earnings per share $ 63.59
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