Swifty Inc. presented the following data. Net income Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share: IT IS NOT .8

Swifty Inc. presented the following data. Net income Preferred stock: 52,000 shares outstanding. $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding 1/1 Issued for cash, 5/1 703,200 Acquired treasury stock for cash, 8/1 278,400 2-for-1 stock split, 10/1 139,200 Compute earnings per share. (Round answer to 2 decimal places, es. 2.55.) Earnings per share $