Marifield Steel Fabrication

​(Working with the income​ statement) If the Marifield Steel Fabrication Company earned $502,000 in net income and paid a cash dividend of $280,000 to its​ stockholders, what are the​ firm’s earnings per share if the firm has $102,000 shares of stock​ outstanding?

The​ company’s earnings per share are ​$___. ​ (Round to the nearest​ cent.)

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