Question: At December 3 1 , 2 0 2 4 and 2 0 2 3 , Violette Company had 6 7 , 0 0 0 shares

At December 31,2024 and 2023, Violette Company had 67,000 shares of common stock and 6,700 shares of 5%, $100 par value
cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2024 or 2023. Net
income for 2024 was $755,000. For 2024, basic earnings per common share amounted to:
Note: Round your answer to 2 decimal places.
Multiple Choice
$5.00.
$10.77.
$10.72.
$10.00.
At December 31,2024 and 2023, Violette Company had 67,000 shares of

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