Business, 15.04.2020 21:39 19greenlymoos

Waterway Industries had 290000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Waterway issued 395000 shares of nonconvertible preferred stock. During 2021, Waterway declared and paid $185000 cash dividends on the common stock and $151000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $953000. What should be Waterway's 2021 earnings per common share, rounded to the nearest penny?

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Waterway Industries had 290000 shares of common stock issued and outstanding at December 31, 2020. D...

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