Kelley Company reports $1,275,000 of net income and declares $178,500 of cash dividends on its preferred stock for the year. At year end, the company had 360,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $2.85. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the company's basic earnings per share (EPS)? Choose Numerator: 1 1 Basic earnings per share Choose Denominator: Required 1 Required 2 > = = Basic earnings per share Basic earnings per share 0

Kelley Company reports $1,275,000 of net income and declares $178,500 of cash dividends on its preferred stock for the year. At yea end, the company had 360,000 weighted-average shares of common stock. 1. What is the company's basic earnings per share (EPS)? 2. In the prior year, Kelley had a basic earnings per share (EPS) of $2,85. Did Kelly improve its earnings per share (EPS) in the current year? Complete this question by entering your answers in the tabs below. What is the company's basic earnings per share (EPS)