Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Corporation reported net income of $ 4 4 5 , 0 5 0 in 2 0 2 5 and had 1 9 8 ,

Blue Corporation reported net income of $445,050 in 2025 and had 198,000 shares of common stock outstanding throughout the
year. Also outstanding all year were 45,000 options to purchase common stock at $12 per share. The average market price of the stock
during the yearwas $15.
Compute diluted earnings per share. (Round answer to 2 decimal places, e.g.3.55.)
Diluted earnings per share
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools For Business Decision Making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell

9th Edition

111970958X, 9781119709589

More Books

Students also viewed these Accounting questions

Question

=+ Is the information source respected?

Answered: 1 week ago

Question

=+ Is the source or sponsor of the information indicated?

Answered: 1 week ago