In 2015, Zandra Company reported a net profit of USD565,000 and paid ordinary dividends of USD59,000. It also has 25,000 cumulative preference stocks of 6% and a par value of USD100 outstanding. There...

In 2015, Zandra Company reported a net profit of USD565,000 and paid ordinary dividends of USD59,000. It also has 25,000 cumulative preference stocks of 6% and a par value of USD100 outstanding.  There are 450,000 weighted-average ordinary stocks outstanding. Determine the Zandra Company's earnings per share and provide a thorough solution and explanation.