Question: Please answer ASAP! Ill thumbs up if its correct! Blue Inc. presented the following data. Net income: $2,299,160 Preferred stock: 46,000 shares outstanding, $100 par,
Please answer ASAP! Ill thumbs up if its correct!
Blue Inc. presented the following data.
Net income: $2,299,160
Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible: 4,600,000
Common stock: Shares outstanding 1/1: 778,800
Issued for cash, 5/1: 307,200
Acquired treasury stock for cash, 8/1: 153,600
2-for-1 stock split, 10/1
Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)
earnings per share: $_______
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