Markus company’s common stock sold for $3.50 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:

ending balance beginning balance cash $ 35,000 $ 34,000 accounts receivable $ 70,000 $ 55,000 inventory $ 60,700 $ 70,000 current assets $ 165,700 $ 159,000 total assets $ 557,000 $ 586,800 current liabilities $ 67,500 $ 55,500 total liabilities $ 152,000 $ 136,800 common stock, $1 par value $ 133,000 $ 133,000 total stockholders’ equity $ 405,000 $ 450,000 total liabilities and stockholders’ equity $ 557,000 $ 586,800 this year sales (all on account) $ 825,000 cost of goods sold $ 478,500 gross margin $ 346,500 net operating income $ 194,250 interest expense $ 10,500 net income $ 128,625 rev: 05_25_2017_qc_cs-89969

what is the earnings per share? (round your answer to 2 decimal places.)