Morgan Company Reported the Following Information for the Year Ended

Multiple Choice

Morgan Company reported the following information for the year ended December 31, 2015: Net income $ 600,000
Preferred dividends declared and paid 60,000
Common dividends declared and paid 90,000
Average common shares outstanding 90,000 Ending market price per share 45
Net sales 5,100,000
What was Morgan's earnings per share for 2015?

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