Business, 07.04.2020 19:42, maliyah7516

At December 31, 2018 and 2017, G Co. had 60,000 shares of common stock and 11,000 shares of 5%, $100 par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in 2018 or 2017. Net income for 2018 was $550,000. For 2018, basic earnings per common share amounted to: (Round your answer to 2 decimal places.)

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At December 31, 2018 and 2017, G Co. had 60,000 shares of common stock and 11,000 shares of 5%, $100...