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Flames Company reported net income for the current year of $15,400,000. It had 3,500,000 shares outstanding throughout the year. Flames also had 772,000 options outstanding
Flames Company reported net income for the current year of $15,400,000. It had 3,500,000 shares outstanding throughout the year. Flames also had 772,000 options outstanding all year with an exercise price of $15. The average price of Flames's common shares was $10 for the year. What is Flames's basic and diluted EPS? Are the options dilutive or antidilutive? Round to the nearest penny.
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