Marigold Corporation earned $359000 during a period when it had an average of 100000 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 16200 warrants that could be exercised to purchase one share of common stock for $12 for each warrant exercised.

a. Are the warrants dilutive?

b. Compute basic earnings per share

Basic earnings per share

c. Compute diluted earnings per share

diluted earnings per share