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Allied Industries, a publicly traded company, had the following activity during 2020: (1) Revenues were $4,525,525 and expenses were $3,412,400. (ii) The Company's common stock
Allied Industries, a publicly traded company, had the following activity during 2020: (1) Revenues were $4,525,525 and expenses were $3,412,400. (ii) The Company's common stock was affected by the following activity: On January 1, common shares: 360,000 b. On April 30, purchased shares: 60,000 d. On October 31, issued shares of common stock 30,000 a. (iii) There were 50,000 call options at December 31, 2020. The options are exercisable at $20 and the Company's average share price during the year was $25. (iv) Allied Industries has no preferred stock. 4. Compute Allied Industries' Diluted Earnings-Per-Share for 2020. (25 points)
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