Financial information for Semester Company for three recent years is as follows:
|
Fiscal Years Ended |
|
2011 |
2010 |
2009 |
Net income |
$26,042 |
|
$22,162 |
|
$17,133 |
|
Preferred dividends |
$709 |
|
$562 |
|
$402 |
|
Average number of common shares outstanding |
4,900 |
|
4,800 |
|
3,900 |
|
a. Determine the earnings per share for fiscal years 2011, 2010, and 2009. Round to the nearest cent.