Ringgold NV has outstanding at December 31, 2020, 50,000 shares of €20 par value, cumulative, 6% preference shares and 200,000 shares of €5 par value ordinary share. All shares were outstanding the entire year. During 2020, Ringgold earned total revenues of €2,000,000 and incurred total expenses (except income taxes) of €1,300,000. Ringgold’s income tax rate is 30%.

Instructions
Compute Ringgold’s 2020 earnings per share.