(BONUS) Bank, Rupp & Baroque, Inc. began on January 1, 2017…

(BONUS) Bank, Rupp & Baroque, Inc. began on January 1, 2017 by issuing 100,000 shares of $1 par value common stock and 1,000 shares of $50 par value, 6% cumulative preferred stock. No dividends were declared in 2017 or 2018. Which of the following statements about this situation is correct?

(BONUS) Brandies, Inc. reported net income of $5.6 million….

(BONUS) Brandies, Inc. reported net income of $5.6 million. At the beginning of the year, 6.8 million shares of common stock were outstanding and at the end of the year, 7.2 million shares were outstanding. No dividends were declared. The EPS is approximately: