Question: At December 3 1 , 2 0 2 4 , Alon Corporation had 4 9 , 0 0 0 shares of common stock and 4

At December 31,2024, Alon Corporation had 49,000 shares of common stock and 4,900 shares of 10%, $100 par cumulative preferred stock outstanding. No dividends were declared or paid in 2024. Net income was reported as $210,000. What is basic EPS? Note: Round your answer to 2 decimal places. Multiple Choice $3.29 $4.29 $4.76 $3.90

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