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The year-end 2020 balance sheet for Tom's Copy, Inc. lists common stock ($1.20 par value) of $170,300, capital surplus of $18,190 and retained earnings of
The year-end 2020 balance sheet for Tom's Copy, Inc. lists common stock ($1.20 par value) of $170,300, capital surplus of $18,190 and retained earnings of $67,690 . On the 2019 year-end balance sheet, Tom's Copy, Inc. lists retained earnings of $50,290 . The firm's net income in 2020 was $109,900 . No stock was issued or repurchased in 2020. What were dividends per share paid by the firm in 2020?
Record your answer rounded to the nearest cent. Do not include a dollar sign or commas in your answer. For example, record $10.248976 as 10.25.
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