Crane Inc. presented the following data. Net income Preferred stock: 45,000 shares outstanding, $100 par,...
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Crane Inc. presented the following data. Net income Preferred stock: 45,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,500,000 Common stock: Shares outstanding 1/1 811,200 Issued for cash, 5/1 302,400 Acquired treasury stock for cash, 8/1 151,200 2 -for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, eg. 2.55.) Earnings per share
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