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Designs, Inc. had 18,000 shares of $4.60, $100 par preferred stock and 110,000 shares of common stock outstanding throughout 2018. During 2018, Designs declared a

Designs, Inc. had 18,000 shares of $4.60, $100 par preferred stock and 110,000 shares of common stock outstanding throughout 2018. During 2018, Designs declared a dividend of $4.60 per share on its common stock. Compute earnings per share for 2018 if Designs' income statement showed net income of $650,000. Multiple Choice $4.60 per share. $5.16 per share. $5.08 per share. $5.91 per share

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