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Ivanhoe Ltd. reported $4.617,250 of net income for the fiscal year ended December 31, 2021. The company had 401,500 weighted average common shares outstanding for
Ivanhoe Ltd. reported $4.617,250 of net income for the fiscal year ended December 31, 2021. The company had 401,500 weighted average common shares outstanding for the year. The common shares sold at an average market price of $19 per share during the period. Also outstanding during the fiscal year were 24,700 warrants that could be used to purchase 5 common shares each at a price of $17. None of the warrants were exercised during the fiscal year. Are the warrants dilutive? Calculate basic earnings per share. (Round answer to 2 decimal places, e.g. 15. Basic Earnings Per Share > Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, eg. $3.545 and provide final answer to 2 decimal places, eg. 15.25.) Diluted Earnings Per Share
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