Stucker Corp

Multiple Choice

Stucker Corp. just started their annual company-wide evaluation of the most recent year's performance. Management looks at many financial and nonfinancial measures as part of this comprehensive review. Their accountant compiled the following information:
Sales: $9,320,568
Operating Expenses: $7,623,004
Weighted Average Common Shares Outstanding ($2 per share) : $12,467,200
If the company has $52,000 of preferred dividends and there is no income tax, then how much will their earnings per share be for the year?

A) $0.26
B) $0.27
C) $0.75
D) $1.49