Mcdonnell-myer corporation reported net income of $2,744 million. the company had 553 million common shares outstanding at january 1 and sold 18 million shares on feb. 28. as part of an annual share repurchase plan, 12 million shares were retired on april 30 for $41 per share. calculate mcdonnell-myer's earnings per share for the year. (do not round intermediate calculations. round your final answer to 2 decimal places.)

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.