The comparative statements of Sandhill Company are presented here.

Sandhill Company Income Statement For the Years Ended December 31
		2022			2021
Net sales		$ 1,813,300			$ 1,745,300
Cost of goods sold		1,010,100			994,000
Gross profit		803,200			751,300
Selling and administrative expenses		512,200			481,600
Income from operations		291,000			269,700
Other expenses and losses
Interest expense		18,700			14,000
Income before income taxes		272,300			255,700
Income tax expense		82,022			77,800
Net income		$ 190,278			$ 177,900

Sandhill Company Balance Sheets December 31
Assets		2022			2021
Current assets
Cash		$ 59,500			$ 64,500
Debt investments (short-term)		70,800			50,500
Accounts receivable (net)		117,900			101,500
Inventory		123,000			115,600
Total current assets		371,200			332,100
Plant assets (net)		600,700			516,300
Total assets		$ 971,900			$ 848,400
Liabilities and Stockholders Equity
Current liabilities
Accounts payable		$ 159,000			$ 144,100
Income taxes payable		42,200			41,200
Total current liabilities		201,200			185,300
Bonds payable		220,000			200,000
Total liabilities		421,200			385,300
Stockholders equity
Common stock ($5 par)		276,800			299,800
Retained earnings		273,900			163,300
Total stockholders equity		550,700			463,100
Total liabilities and stockholders equity		$ 971,900			$ 848,400

All sales were on credit. Net cash provided by operating activities for 2022 was $ 216,000. Capital expenditures were $ 132,000, and cash dividends paid were $ 79,678. Compute the following ratios for 2022

(a)		Earnings per share