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Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $501,500, Interest expense = $50,000, and Taxes = $153,500. Barnyard's
Income StatementBarnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $501,500, Interest expense = $50,000, and Taxes = $153,500. Barnyard's has no preferred stock outstanding and 190,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.)
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