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Marigold Inc. presented the following data. Net income $2,260,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding
Marigold Inc. presented the following data. Net income $2,260,000 Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000 Common stock: Shares outstanding 1/1 724,800 Issued for cash, 5/1 304,800 Acquired treasury stock for cash, 8/1 138,000 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share
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