Monroe Company Reported the Following Information for the Year Ended

Multiple Choice

Monroe Company reported the following information for the year ended December 31, 2010: $\begin{array}{ll}\text { Net income } & \$ 600,000 \\\text { Preferred dividends declared and paid } & 60,000 \\\text { Common dividends declared and paid } & 80,000 \\\text { Average common shares outstanding } & 90,000 \\\text { Ending market price per share } & 40 \\\text { Net sales } & 4,100,000\end{array}$ Monroe's earnings per share for 2010 was

A) $6.67
B) $6.00
C) $5.11
D) $0.15