Exercise 16-26 Swifty Company's net income for 2017 is $48,200. The only potentially dilutive securities outstanding were 900 options issued during 2016, each exercisable for one share at $6. None has been exercised, and 10,100 shares of common were outstanding during 2017, The average market price of Swifty's stock during 2017 was $25. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share (b) Assume the same facts as those assumed for part (a), except that the 900 options were issued on October 1, 2017 (rather than in 2016). The average market price during the last 3 months of 2017 was $25. (Round answer to 2 decimal places, e.g. $2.ss.) Diluted earnings per share SAVE FOR LATE. Durnw. Question Attempts: 0 of 3 used SUBMIT ANSWER Exercise 16-28 Cullumber Corporation carned $422,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an averag market price of $15 per share during the period. Also outstanding were 14,700 warrants that could be exercised to purchase one share of common stock for $10 for eac warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share s g Ouestion Attempts: O of 3 used