Exercise $11-21($Algo$)$ Analyzing earnings per share LO A$1$

Kelley Company reports $$2,000,000$ of net income and declares $$280,000$ of cash dividends on its preferred stock for the year. At year$-$end, the company had $330,000$ weighted$-$average shares of common stock.

What is the company's basic earnings per share $($EPS$)?$

In the prior year, Kelley had a basic earnings per share $($EPS$)$ of $$5\mathrm{.}01.$ Did Kelly improve its earnings per share $($EPS$)$ in the current year?

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Required $1$

Required $2$

What is the company's basic earnings per share $($EPS$)?$

$\backslash$table$[[$Basic earnings per share$],[$Choose Numerator:,$1,$Choose Denominator:,,$],[$Net income available to common stockholders,$1,$Weighted$-$average outstanding shares,$=,$Basic earnings per share$],[,1,,=,0]]$