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Mcdonnell-myer corporation reported net income of 1150

Question - McDonnell-Myer Corporation reported net income of $1,150 million. The company had 469 million common shares outstanding at January 1 and sold 42 million shares on Feb. 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $32 per share.

Calculate McDonnell-Myer's earnings per share for the year.

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Accounting Basics: Mcdonnell-myer corporation reported net income of 1150

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Accounting Basics: Mcdonnell-myer corporation reported net income of 1150

Reference No:- TGS02850304

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