Question 14

Below is the Partial of adjusted Trial Balance for Susan Co. 31/12/19

	Debits	Credits
Sales revenue		850,000
Interest revenue		60,000
Gain on sale of investments		110,000
Cost of goods sold	500,000
Loss on flood damage	6,500
Restructuring cost	23,000
Salaries and wages	150,000
Depreciation expense	40,000
Interest expense	30,000
Marketing and administrative expenses	60,000

Susan had 50,000 shares outstanding throughout the year. Income tax expense has not yet been accrued. The effective tax rate is 25%.

Required: Prepare multiple Income statement then answer the question below.

How much is the Basic earnings per share? round your answer to the nearest 2 digits after dicimal