Cainas cookies had the following information reported for 2015:
revenues $100,000
expenses $40,000
preferred dividends $10,000
common dividends $20,000
preferred shares outstanding - 10,000 shares, $100 par value
common shares outstanding - 50,000 shares, $1 par value eps is:
a. $1.20 per share
b. $1.00 per share
c. $.60 per share
d. $.50 per share