Subject: acounting Marigold Inc. presented the following data.Net incomePreferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertibleCommon stock: Shares outstanding 1/1Issued for cash, 5/1Acquired treasury stock for cash, 8/12-for-1 stock split, 10/1Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)Earnings per share $$2,670,0004,600,000789,600307,200136,800

Based on the data provided, we are requested to determine Marigold Inc.'s earnings per share. To do…

Answered: Marigold Inc. presented the following…

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