Question: Sheridan Inc. presented the following data Sheridan Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not convertible

Sheridan Inc. presented the following data

Sheridan Inc. presented the following data. Net income Preferred stock: 55,000 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-l stock split. 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share 5.500000 822,000 324,000 162,000

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