Markus Company's common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year . It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 40,000 $ 40,200 Accounts receivable $ 84,000 $ 63,700 Inventory $ 70,600 $ 84,000 Current assets $ 194,600 $ 187,900 Total assets $699,000 $755,600 Current liabilities $ 78,000 $ 76,500 Total liabilities $184,000 $ 165,600 Common stock, $1 par value $ 152,000 $ 152,000 Total stockholders' equity $ 515,000 $590,000 Total liabilities and stockholders' equity $699,000 $755,600 This Year Sales (all on account) $980,000 Cost of goods sold $568,400 Gross margin $ 411,600 Net operating $263,250 income Interest expense $ 13,500 Net income $ 174,825 Foundational 14-1 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earings per share