X Your answer is incorrect. Ivanhoe Inc. presented the following data. Net income Preferred stock: 48,000 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 eTextbook and Media Save for Later 5.45 $2,680,000 4,800,000 729,600 273,600 160,800 Attempts: 2 of 3 used Submit Answer

X Your answer is incorrect. Ivanhoe Inc. presented the following data. Net income $2,680,000 Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,800,000 Common stock: Shares outstanding 1/1 729.600 Issued for cash, 5/1 273,600 Acquired treasury stock for cash, 8/1 160,800 2-for-1 stock split, 10/1 Compute earnings per share. (Round onswer to 2 decimal places, es. \$2.55.) Earnings per share 5 5,45 eTextbook and Media sexpontarer Attempts: 2 of 3 used Subzit