Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year. At year-end, the company had 290,000 weighted-average shares of common stock.

1. What is the companys basic earnings per share (EPS)?
2. In the prior year, Kelley had a basic earnings per share (EPS) of $4.25. Did Kelly improve its earnings per share (EPS) in the current year?

What is the company's basic earnings per share (EPS)? \begin{tabular}{|l|l|l|l|c|} \hline Choose Numerator: & 1 & Choose Denominator: & & Basic earnings per share \\ \hline & 1 & & = & Basic earnings per share \\ \hline & 1 & = & \\ \hline \end{tabular} In the prior year, Kelley had a basic earnings per share (EPS) of \$4.25. Did Kelly improve its earnings per share (EPS) in the current year? Did Kelly improve its EPS in the current year