Mcdonnell-myer corporation reported net income of $741 million. the company had 544 million common shares outstanding at january 1 and sold 36 million shares on feb. 28. as part of an annual share repurchase plan, 6 million shares were retired on april 30 for $47 per share. calculate mcdonnell-myer's earnings per share for the year.

McDonnell-Myer's earnings per share for the year is $1.3

Explanation:

Given data

net income = $741 million

common shares = 544 million

sold share = 36 million

shares were retired = 6 million

per share = $47

to find out

McDonnell-Myer's earnings per share for the year

solution

we know common shares outstanding at 1 January   = 544 million

so we say share sold 28 feb  = 36 million that mean = 36 × (10/12) = 30

and share repurchased 30 April  = 6 million that mean = 6 × (8 /12) = 4

so total no of share outstanding at end of year  = 544 + 30 - 4 = 570 million

so

earning per share = net earning / no of share

earning per share =  741 / 570

earning per share =  $ 1.3

McDonnell-Myer's earnings per share for the year is $1.3

b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.

answer; communities of interest; i believe this is correct, plz check first good luck;