Brief Exercise 16-9

Brief Exercise 16-9 Martinez Corporation had 2017 net income of $1,200,000. During 2017, Martinez paid a dividend of $2 per share on 244,500 shares of preferred stock. During 2017, Martinez had outstanding 237,000 shares of common stock Compute Martinez's 2017 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share per share