Testbank Multiple Choice Question 97

At December 31, 2021, Marigold Corp. had 505000 shares of common stock issued and outstanding, 391000 of which had been issued and outstanding throughout the year and 114000 of which were issued on October 1, 2021. Net income for the year ended December 31, 2021, was $1693000. What should be Marigold's 2021 earnings per common share, rounded to the nearest penny?

$3.78

$36.36

$4.33

$4.04