Question
Question 10 of 14 View Policies < Current Attempt in Progress -12 Vaughn Corporation reported net income of $404,670 in 2020 and had 184,000
Question 10 of 14 View Policies < Current Attempt in Progress -12 Vaughn Corporation reported net income of $404,670 in 2020 and had 184,000 shares of common stock outstanding throughout the year. Also outstanding all year were 43,500 options to purchase common stock at $12 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ eTextbook and Media Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 1 Attempts: 0 of 2 used Submit Answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started