Morgan Company reported the following information for the year ended December 31, 2015: Net income $600,000; Preferred dividends declared and paid $60,000; Common dividends declared and paid $90,000; Average number of common shares outstanding 90,000 share; Ending market price per share $45; Net sales $5,100,000. What was Morgans earnings per share for 2015?

Select one:

a. $6.67

b. $0.15

c. $5.11

d. $6