On December Year a company had million shares of common stock and million shares of $ par value cumulative
preferred stock issued and outstanding.
On March Year the company purchased million shares of its common stock as treasury stock.
The company issued a common stock dividend on July Year
Four million treasury shares were sold on October
Net income for the year ended December Year was $ million.
Required:
Calculate the company's earnings per share for the year ended December Year
Note: Do not round intermediate calculations. Enter your answers in millions ie should be entered as
