Question
Blue Corporation earned $2,559,000 during 2020. The company had a weighted-average of 480,000 shares of common stock outstanding. The average market price of common stock
Blue Corporation earned $2,559,000 during 2020. The company had a weighted-average of 480,000 shares of common stock outstanding. The average market price of common stock was $33 per share during the year. The company also had 45,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $31 in total. (a) Are the warrants dilutive? select an option YesNo (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)
Basic earnings per share | $enter the basic earnings per share in dollar rounded to 2 decimal places |
(c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)
Diluted earnings per share | $enter the diluted earnings per share in dollar rounded to 2 decimal places |
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