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Income Statement Barnyard, Inc's 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense - $48,000, and Taxes = $154,000. Barnyard's

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Income Statement Barnyard, Inc's 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense - $48,000, and Taxes = $154,000. Barnyard's has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.) Multiple Choice

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