Markus Companys common stock sold for $4.00 per share at the end of this year. The company paid a common stock dividend of $0.80 per share this year. It also provided the following data excerpts from this years financial statements:

	Ending Balance		Beginning Balance
Cash	$	45,500	$	39,200
Accounts receivable	$	82,000	$	61,200
Inventory	$	67,600	$	82,000
Current assets	$	195,100	$	182,400
Total assets	$	648,000	$	689,200
Current liabilities	$	72,500	$	73,500
Total liabilities	$	188,000	$	169,200
Common stock, $1 par value	$	145,000	$	145,000
Total stockholders equity	$	460,000	$	520,000
Total liabilities and stockholders equity	$	648,000	$	689,200

	This Year
Sales (all on account)	$	900,000
Cost of goods sold	$	522,000
Gross margin	$	378,000
Net operating income	$	228,000
Interest expense	$	12,000
Net income	$	151,200

rev: 05_25_2017_QC_CS-89969

Required:

1. What is the earnings per share? (Round your answer to 2 decimal places.)

Earnings per share