illustration of EPS National Beverage n men ept price Tear 3 Vear Year 2 Net incime S 612 s 444 Prefemed Dvdends 02 03 Average Number of Shares Outtanding 463 Common Stockheidert fquly S3476 S060 ock prce Year 2 Net Income-Prefed Dvdnds s612-0 tPS Auerage Nuer ShaeCuttanding s3-503 466 Year 3 Generated $1.31 of income for every share of common stock, an increase of S0.25 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.) Earnings Per Share per share