Assume a company provided the following information:

Net income	$ 55,000
Number of common shares outstanding, beginning of the year	45,000
Number of common shares outstanding, end of the year	55,000
Market price per share	$ 15
Dividends per share	$ 0.50
Total assets, end of the year	$ 200,000
Total liabilities, end of the year	$ 80,000

The earnings per share is closest to:

Multiple Choice

• $1.10.

• $1.50.

• $1.40.

• $1.30.