FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Dule Corporation had 230,000 shares of common stock outstanding during the current year. There were also fully vested options for 13,000 shares of common stock

Dule Corporation had 230,000 shares of common stock outstanding during the current year. There were also fully vested options for 13,000 shares of common stock were granted with an exercise price of $20. The market price of the common stock averaged $25 for the year. Net income was $4.6 million. What is diluted EPS?

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

Principles Of Financial Accounting Ch 1 17

Principles Of Financial Accounting Ch 1 17

Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton

1st Edition

0077370457, 9780077370459

More Books

Students also viewed these Accounting questions

Question

★★★★★
Gooddecade manufactures and sells automobile parts throughout the eastern United States. Among its full-time employees are 220 fourteen-and fifteen-year-olds. These teenagers are employed throughout...

Answered: 1 week ago

Question

★★★★★
Measurement Suppose that a company accounts for an investment using the equity method. Describe the appropriate accounting if the combined loss reported by the investee exceeds the investors balance...

Answered: 1 week ago

Question

★★★★★
Mary has in her wallet three $1 coins, one $2 coin and four coins of 25 . She selects four coins at random from her wallet. (i) Write down a sample space for the possible selections she can make....

Answered: 1 week ago

Question

★★★★★
Rick and Maria had been married for 20 years before their divorce in the current year. At that time, they made the usual property settlement: Maria got the house, the van, and the cat; Rick got the...

Answered: 1 week ago

Question

★★★★★
(ch 2-2) question 3 The company had average common shares outstanding during the period of 315,000 . Compute the company's (a) working capital and (b) earnings per share. (Round earnings per share to...

Answered: 1 week ago

Question

★★★★★
Rescoe Corp is operating in a country U where the corporate taxis 40%, personal income tax on bond investment is 28% while thepersonal tax on stock is 20%. Assume t Rescoe Corp earnings beforeinter 2...

Answered: 1 week ago

Question

★★★★★
What are the objectives of job evaluation ?

Answered: 1 week ago

Question

★★★★★
Write a note on job design.

Answered: 1 week ago

Question

★★★★★
A bag contains 4 red balls, 3 blue balls, and 5 green balls. If a ball is randomly selected from the bag, what is the probability that it is either red or green?

Answered: 1 week ago

Question

★★★★★
Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

★★★★★
Discuss the process involved in selection.

Answered: 1 week ago

Question

★★★★★
Why do you believe it is no longer appropriate to ask whether a job applicant has ever been arrested? Is it not in an employers best interests to avoid taking on workers who have criminal records?

Answered: 1 week ago

Question

★★★★★
An interviewing manager should be prepared to respond in considerable detail to any unsuccessful job candidate who calls asking why he or she was not offered employment. Do you agree or disagree with...

Answered: 1 week ago

Question

★★★★★
Provide three examples of interview questions that are legal but which provide an interviewing manager with little or no useful information.

Answered: 1 week ago

Previous Question Next Question