Kelley Company reports $$1,875,000$ of net income and declares $$262,500$ of cash dividends on its preferred stock for the year. At year$-$end, the company had $390,000$ weighted$-$average shares of common stock.

What is the company's basic earnings per share $($EPS$)?$

In the prior year, Kelley had a basic earnings per share $($EPS$)$ of $$3\mathrm{.}93.$ Did Kelly improve its earnings per share $($EPS$)$ in the current year?

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What is the company's basic earnings per share $($EPS$)?$

$\backslash$table$[[$Basic earnings per share,,$],[$Choose Numerator:,I,Choose Denominator:,,$],[$Net income available to common stockholders,$/,$Weighted$-$average outstanding shares,$=,$Basic earnings per share$]]$