Kelley Company reports $1,500,000 of net income and declares $210,000 of cash dividends on its preferred stock for the year. At year-end, the company had 290,000 weighted-average shares of common stock.   What is the company’s basic earnings per share (EPS)? In the prior year, Kelley had a basic earnings per share (EPS) of $4.25. Did Kelly improve its earnings per share (EPS) in the current ye ar?

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