Assume that Shamrock Corp. earned net income of $ 3,330,000 during 2021. In addition, it had 105,000 shares of 9%, $ 100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2021. Compute earnings per share for 2021, using the weighted-average number of shares determined in part

1.87 is the answer.

and The weighted-average number of shares outstanding is 1781525

Assume the same facts as in part (b), except that the preferred stock was cumulative.

Compute earnings per share for 2021. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings Per Share

$ enter earnings per share rounded to 2 decimal places enter earnings per share rounded to 2 decimal places