Question 25 During 20X8, Escambia Corporation reported an after-tax net income of $4,000,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 8% preferred stock, and 400,000 shares of common stock. Escambia company's earnings per share (EPS) for 20X8 is (Note: Round your answer to 2 decimal places.) O $10.40 per share O $9.80 per share 1 pts O 11.55 per share O $8.85 per share O $7.45 per share

During 20X8, Escambia Corporation reported an after-tax net income of $4,000,000. During the year, the number of shares of stock outstanding remained constant at 10,000 of $100 par, 8% preferred stock, and 400,000 shares of common stock. Escambia company's earnings per share (EPS) for 208 is (Note: Round your answer to 2 decimal places.) $10.40 per share $9.80 per share 11.55 per share $8.85 per share $7.45 per share