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For the year ended October 31, 2021, Novak Corporation had net income available to common shareholders of $6,600,000, and 2,200,000 weighted average common shares outstanding.
For the year ended October 31, 2021, Novak Corporation had net income available to common shareholders of $6,600,000, and 2,200,000 weighted average common shares outstanding. The company had written put stock options outstanding at the end of fiscal 2020 to buy back 190,400 common shares at $12 per share. None of these stock options were exercised during fiscal 2021, and the average market price for the year was $14. Calculate Novaks basic and diluted earnings per share. (Round answers to 2 decimal places, e.g. 15.25.)
Basic earnings per share | $ | ||
Diluted earnings per share | $ |
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