Question: Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not

Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not

Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55) Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 $2,296,860 5,300,000 724,800 276,000 138,000

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