Directions: Determine values for the missing items. Round answers to one decimal.         2018 2017 Net Income (in millions) ? ? Weighted Average Shares Outstanding (in millions)     Basic Number Shares  ? 59.2 Diluted Number of Shares  64.8 ? Earnings Per Share     Basic 1.50 1.09 Diluted 1.43 1.02       Assume no preferred stock or restricted stock unit dividends .

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.