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Earnings Per Share ( EPS ) Class: On January 1 , 2 0 2 3 , Tremt Tremty had 6 0 0 , 0 0

Earnings Per Share (EPS)
Class: On January 1,2023, Tremt Tremty had 600,000 shares of common stock outstanding. It issued 60,000 shares on June 30. On August 1,50% of its 400,000 preferred stock were converted to common stock. Tremt Tremty paid preferred dividends of .30 per share. If there were no bonds outstanding and net income was $2,500,000 what is the BEPS (Basic Earnings Per Share)?

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