Lloyd's Boat Shop, Inc. reports net income of $63,000, income before taxes of $60,000 and interest expense of $17,000. The weighted-average number of shares of common stock outstanding during 2017 was 40,000 shares. The gross profit was $130,000. What is the earnings per share? (Round your final answer to the nearest cent.)

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The Answer of Lloyd's Boat Shop, Inc. reports net income of $63,000, income before taxes of $60,000 and interest expense of $17,000. The weighted-average number of shares of common stock outstanding during 2017 was 40,000 shares. The gross profit was $130,000. What is the earnings per share? (Round your final answer to the nearest cent.)