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Riverbed Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding
Riverbed Inc. presented the following data.
Net income | $2,340,000 | |
Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible | 5,200,000 | |
Common stock: Shares outstanding 1/1 | 816,000 | |
Issued for cash, 5/1 | 322,800 | |
Acquired treasury stock for cash, 8/1 | 136,800 | |
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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