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Current Attempt in Progress Crane Inc. presented the following data. Net income $2,360,000 5,500,000 810,000 Preferred stock: 55,000 shares outstanding, $100 par, 8% cumulative, not

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Current Attempt in Progress Crane Inc. presented the following data. Net income $2,360,000 5,500,000 810,000 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-1 stock split, 10/1 272,400 163,200 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 10 used Submit

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