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