Illustration of EPS National Beverage miions ept price Yea3 Year 1 Net noome s 12 S 416 Poed Dividends 02 07 Aage Numberol Shares Outstandr 64 63 Common Stockheden aty ock price $147 1852 Year3 Net nome-Preferred Oividends ES Se12-502 543-5031 404 Average Numbr of Shares Outstanding 60 131 $106 Year Generated $1.31 of income for every share of common stock, an increase of 50.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of the year and 4.3 million shares outstanding at the end of the year. No dividends were declared during the year. What is the company's earnings per share (EPS) for the year? (Round your answer to 2 decimal places.) Eanings Per Share per share