Question
John Ltd. Reported net income of $300,000 in 2018 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written)
John Ltd. Reported net income of $300,000 in 2018 and had 200,000 common shares outstanding throughout the year. Also outstanding all year were 45,000 (written) options to purchase common shares at $15 per share. The average market price during the year was $10 per share, and the tax rate was 25%.
What is the EPS?
What is the diluted EPS?
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Financial Accounting Reporting And Analysis
Authors: Jennifer Maynard
2nd Edition
0198745311, 9780198745310
