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Marigold Inc. presented the following data. Net income Preferred stock: 55,000 shares outstanding, $100...

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Accounting

Marigold Inc. presented the following data.
Net income
Preferred stock: 55,000 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.)
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