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Profitability Ratios The following data came from the financial statements of St. James Corp. for 2019...

Profitability Ratios The following data came from the financial statements of St. James Corp. for 2019 and 2018. 2019 2018 Net income $150,500 $120,000 Cash dividends paid on preferred stock $15,000 $15,000 Cash dividends paid on common stock $42,000 $38,000 Weighted average number of preferred shares outstanding 20,000 20,000 Weighted average number of common shares outstanding 105,000 95,000 Required: Calculate St. James' earnings per share as it would be reported on the 2019 income statement. Round your answer to the nearest cent. $

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