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[The following information applies to the questions displayed below.] Financial information for Forever 18 includes...

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Accounting

[The following information applies to the questions displayed below.] Financial information for Forever 18 includes the following selected data: ($ in millions) 2024 2023 Net income $141 $105 Dividends on preferred stock $27 $22 Average shares outstanding 300 250 Stock price $11.62 $10.57 Required: 1-a. Calculate earnings per share in 2023 and 2024. 1-b. Did earnings per share increase in 2024?

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