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Tamarisk Inc. presented the following data. Net income $2,392,940 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares
Tamarisk Inc. presented the following data. Net income $2,392,940 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, 5/1 273,600 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 2.1
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