Ferry Corporation had 300,000 shares of common stock outstanding at December 31, 2017. So addition, it had 90,000 stock option outstanding, which had been granted to certain executivs and which gave them the right to purchase shares of Ferrys stock at an option price of $37 per share. The average market price of Ferrys common stock for 2017 was $50. Net income was $900,000.

a. Cumpute EPS *

b. Compute DEPS

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