Conquistitor Ltd$.$ reported net income of $$750,000$ for the year ended July $31,2020.$ During the year, the company also declared and paid dividends of $$45,000$ on the company's preferred shares. At the beginning of the year, Conquistitor had $350,000$ common shares outstanding. No shares were issued or repurchased during the year.

Assume $200,000$ common shares were issued on Aug $1,2019$ and an additional $150,000$ common shares issued on April $1,2020.$

Required

Calculate the basic earnings per$-$share ratio.

$($to $2$ decimal places and do not include a $ sign$)$