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Riverbed Inc. presented the following data. Net income $2,340,000 Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000 Common stock: Shares outstanding

Riverbed Inc. presented the following data.

Net income $2,340,000
Preferred stock: 52,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,200,000
Common stock: Shares outstanding 1/1 816,000
Issued for cash, 5/1 322,800
Acquired treasury stock for cash, 8/1 136,800
2-for-1 stock split, 10/1

Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)

Earnings per share

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