Birch Ltd. had net income for the year of $101,504 and a simple capital structure consisting of the following

common shares outstanding:

Months Outstanding Number of Shares

January - February 24,000

March - June 29,400

July - November 36,000

December 35,040

Birch's earnings per share (rounded to the nearest cent) were ________.

Choose the correct option from the given list.

01 / 3959

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