Sandhill Corporation earned $311,000 during a period when it had an average of 100,000 shares of common stock outstals common stock sold at an average market price of $18 per share during the period. Also outstanding were 15,900 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. (Round answer to 2 decimal places, eg. $2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit