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Kingbird Corporation earned $379,000 during a period when it had an average of 100,000 shares of common stock outstandine The common stock sold at an

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Kingbird Corporation earned $379,000 during a period when it had an average of 100,000 shares of common stock outstandine The common stock sold at an average market price of $15 per share during the period. Also outstandings were 15.000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised, (a) Are the warrants dilutive? Yes (b) Compute basic earnings per share. (Round answer to 2 decimal places $2.55) Basic earnings per share $ 3.79 (c) Compute diluted earnings per share. (Round answer to 2 decimal places, es $2.55) $ 3.30 Diluted earnings per share

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