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Compute earnings per share

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Reference no: EM131108195

1. (EPS: Simple Capital Structure) Kendall Inc. presented the following data.

Net income $2,200,000
Preferred stock: 50,000 shares outstanding,
$100 par, 8% cumulative, not convertible 5,000,000
Common stock: Shares outstanding 1/1 600,000
Issued for cash, 5/1 300,000
Acquired treasury stock for cash, 8/1 150,000
2-for-1 stock split, 10/1
Compute earnings per share. 

Reference no: EM131108195

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