Answered step by step
Verified Expert Solution
Question
1 Approved Answer
can anyone help me solve the diluted earning per share? my answer was incorrect There were no changes during 2021 in the number of common
can anyone help me solve the diluted earning per share? my answer was incorrect
There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstanding. There is no treasury stock. The company also has common stock options (granted in a prior year) to purchase 81,600 shares of common stock at $20 per share. (a) Compute basic earnings per share for 2021. (Round answer to 2 decimal places, es. \$2.55.) There were no changes during 2021 in the number of common shares, preferred shares, or convertible bonds outstandi treasury stock. The company also has common stock options (granted in a prior year) to purchase 81,600 shares of comi $20 per share. (a) Compute basic earnings per share for 2021. (Round answer to 2 decimal places, e- $2.55. ) Basic earnings per share $ (b) Compute diluted earnings per share for 2021. (Round answer to 2 decimal places, eg. $2.55 ) Diluted earnings per share Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started