Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19.5, 19.6,...
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Exercise 19-16 (Algo) EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold [LO19.5, 19.6, 19.7] On December 31,2023 , Betclair Incorporated had 540 millon shores of common stock and 6 million shares of 9%,$100 par value cumulative preferred stock issued and outstonding. - On March 1, 2024. Berclair purchased 12 million shares of its common stock as treasury stock. - Eerclair issued a 5% common stock dividend on July 1,2024. - Two milion treasury shares were sold on October 1. - Net income for the year ended December 31, 2024, was $1,000 million. Required: Compute Berclair's earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Enter your answers in millions (i.e., 10,000,000 should be entered as 10)
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