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Assume that all balance sheet amounts for Sheffield Company represent average balance figures. Stockholders' equity-common $371000 Total stockholders' equity 811000 Sales revenue 413000 Net

Assume that all balance sheet amounts for Sheffield Company represent average balance figures. Stockholders' equity-common $371000 Total stockholders' equity 811000 Sales revenue 413000 Net income 78000 Number of shares of common 48000 stock Common stock dividends 30000 Preferred stock dividends 6000 What is the earnings per share for Sheffield? $0.90 $1.96 $1.60 $1.50

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