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Given the following information, calculate earnings per share. **Round to the nearest cent. Earnings before depreciation, interest, and taxes $1,600,000 Depreciation expense $100,000 Tax rate

Given the following information, calculate earnings per share. **Round to the nearest cent.

Earnings before depreciation, interest, and taxes $1,600,000

Depreciation expense $100,000

Tax rate 40%

Interest expense $10,000

Common dividends paid $200,000

Number of shares of common stock outstanding $500,000

1.79

1.39

3.20

1.20

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