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For 2019, Seagull Products had net income of $3,000,000. At 1 January 2019, there were 1,000,000 shares outstanding. On 1 October 2019, the company issued
For 2019, Seagull Products had net income of $3,000,000. At 1 January 2019, there were 1,000,000 shares outstanding. On 1 October 2019, the company issued 80,000 new shares for $25 per share. The company paid $120,000 in dividends to common shareholders. What is Seagulls basic earnings per share for 2019? (Round to the nearest cent)
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