The following information pertains to Carlton Company. Assume that all balance

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all
sales were on credit.
Assets
Cash and short-term investments
$ 40000
Accounts receivable (net)
25000
Inventory
20000
Property plant and equipment
210000
Total Assets
$295000
Liabilities and Stockholders Equity
Current liabilities
60000
Long-term liabilities
85000
Stockholders equity-common
150000
Total Liabilities and stockholders equity
$295000 Income Statement
Sales
$ 85000
Cost of goods sold
45000
Gross margin
40000
Operating expenses
20000
Net income
$ 20000 Number of shares of common stock
6000000
Market price of common stock
$20
Dividends per share
0.90
Cash provided by operations
$30000

What is the earnings per share on common stock?

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