On december 31, 2017, berclair inc. had 380 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. on march 1, 2018, berclair purchased 96 million shares of its common stock as treasury stock. berclair issued a 5% common stock dividend on july 1, 2018. four million treasury shares were sold on october 1. net income for the year ended december 31, 2018, was $600 million. also outstanding at december 31 were 30 million incentive stock options granted to key executives on september 13, 2013. the options were exercisable as of september 13, 2017, for 30 million common shares at an exercise price of $56 per share. during 2018, the market price of the common shares averaged $70 per share. required: compute berclair's basic and diluted earnings per share for the year ended december 31, 2018.

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University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times