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Following is information taken from Gyro Inc.'s December 31, 2019 balance sheet: 4,200 Warrants outstanding during the year could be used to purchase 4 common
Following is information taken from Gyro Inc.'s December 31, 2019 balance sheet: 4,200 Warrants outstanding during the year could be used to purchase 4 common shares each at a price of $12. Common shares, no par-value, 2,480,000 shares outstanding Gyro's net income for 2019 was $6,380,000, and the company was subject to an income tax rate of 24%. The weighted average number of common shares outstanding during the period was 2,170,000 and the average market price for the year was $28. Calculate Basic EPS Calculate Diluted EPS
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