Markus Company's common stock sold for $3.75 per share at the end of this year. The company paid a common stock dividend of $0.60 per share this year. It also provided the following data excerpts from this year's financial statements Ending Beginning Balance Balance $41,000 $ 36,200 $ 74,000 $58,700 $ 64,900 $ 74,000 $179,900 $168,900 $590,000 $624,000 $ 70,500 $ 63,000 $160,000 $144,000 139,000 $139,000 $430,000 $480,000 Cash Accounts receivable Inventory Current assets Total assets Current liabilities Total liabilities Common stock, $1 par value Total stockholders' equity Total liabilities and stockholders" equity $590,000 $624,000 This Year Sales (all on account) $865,000 Cost of goods sold $501,700 Gross margin Net operating income Interest expense $11,000 Net income 363,300 $206,250 $136,675 Required 1. What is the earnings per share? (Round your answer to 2 decimal places.) arnings per share