Business
Business, 07.05.2021 16:50, amandajennings01

Burns Company reported $491.880 million in net income in 2021. On January 1, 2021, the company had 394 million shares of common stock outstanding. On March 1, 2021, 20.4 million new shares of common stock were sold for cash. On June 1, 2021, the company's common stock split 2 for 1. On July 1, 2021, 4.4 million shares were reacquired as treasury stock. Required: Compute Burns' basic earnings per share for the year ended December 31, 2021.

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Burns Company reported $491.880 million in net income in 2021. On January 1, 2021, the company had 3...

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