alyzing Earnings Per Share

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Kelley Company reports $$1,275,000$ of net income and declares $$178,500$ of cash dividends on its preferred stock for the year. At yearend, the company had $350,000$ 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 $$2\mathrm{.}93.$ Did Kelly improve its earnings per share $($EPS$)$ in the current year?

$00$:$27$:$56$

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

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