Question
Harris Group reported net income of $9,430,000 for the current year. There are 5,900,000 common shares outstanding for the entire year, and the average market
Harris Group reported net income of $9,430,000 for the current year. There are 5,900,000 common shares outstanding for the entire year, and the average market price per common share for the year is $51. In addition, Harris has 1,530,000 options outstanding all year. The exercise price is now $110 per share. Compute basic and diluted EPS for the Harris Group. Each option can be used to purchase one share of common stock. (Round the EPS amounts to the nearest cent, $X.XX.)
Because the market price is | ____________ | than the exercise price, the options | ________ | antidilutive. Harris | |||||
_________ | include the options and will report basic EPS as $ | _______ | and diluted EPS as $ | _______ | . |
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