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Parks Corporation's net income for the current year is $500,000. Parks owns 80% of Sun and Suns income for the period is $150,000. Parks has
Parks Corporation's net income for the current year is $500,000. Parks owns 80% of Sun and Suns income for the period is $150,000. Parks has 500,000 shares of $10 par common stock outstanding, and Sun has 50,000 shares of $10 par common stock outstanding throughout the current year. In addition, Sun has 10,000 warrants to acquire 10,000 shares of Suns common stock at $10 per share. The average market price of Suns common stock was $20 per share during the current year.
What is the consolidated Basic EPS?
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