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Exercise 16-18 Windsor Inc. presented the following data. $2,490,000 Net income Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares

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Exercise 16-18 Windsor Inc. presented the following data. $2,490,000 Net income Preferred stock: 52,000 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 5,200,000 703,200 320,400 139,200 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share

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