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  3. x your answer is incorrect. sheffield inc. present

X Your answer is incorrect. Sheffield Inc. presented the following data. Net income Preferred...

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Question

Accounting

X Your answer is incorrect.
Sheffield Inc. presented the following data.
Net income
Preferred stock: 48,000 shares outstanding, $100 par, 8% cumulative, not convertible
4,800,000
Common stock: Shares outstanding 1/1
781,200
Issued for cash, 5/1
307,200
Acquired treasury stock for cash, 81
153,600
2-for-1 stock split, 101
Compute earnings per share. (Round answer to 2 decimal places, e.g.2.55.)
Earnings per share $
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