Pharoah Corps net income for 2023 is $140,520. The only potentially dilutive securities outstanding were 2,100 call options issued during 2022, with each option being exercisable for one share at $20. None have been exercised, and 23,000 common shares were outstanding during 2023. The average market price of the companys shares during 2023 was $25.

Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$enter the diluted earnings per share in dollars rounded to 2 decimal places

Assuming that the 2,100 call options were instead issued on November 1, 2023 (rather than in 2022), calculate diluted earnings per share for the year ended December 31, 2023. The average market price during the last two months of 2023 was $25. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$enter the diluted earnings per share in dollars rounded to 2 decimal places