11 Exercise 11-21 (Static) Analyzing earnings per share LO A1 7.69 points 02:34:37 Kelley Company reports $960,000 of net income and declares $120,000 of cash dividends on its preferred stock for the year. At year- end, the company had 400,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $1.90. Did Kelly improve its earnings per share (EPS) in the current year? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the company's basic earnings per share (EPS)? Choose Numerator: Basic earnings per share Choose Denominator: < Required 1 Required 2 > = Basic earnings per share 0 Return