Ringmeup inc. had net income of $189,500 for the year ended december 31, 2019. at the beginning of the year, 37,000 shares of common stock were outstanding. on may 1, an additional 11,000 shares were issued. on december 1, the company purchased 4,500 shares of its own common stock and held them as treasury stock until the end of the year. no other changes in common shares outstanding occurred during the year. during the year, ringmeup paid the annual dividend on the 7,000 shares of 3.10%, $100 par value preferred stock that were outstanding the entire year. required: calculate basic earnings per share of common stock for the year ended december 31, 2019. (do not round intermediate calculations. round your answer to 2 decimal places.)

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.