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Sarasota plc net income for 2022 is 49,100. The only potentially dilutive securities outstanding were 900 options issued during 2021, each exercisable for one share
Sarasota plc net income for 2022 is 49,100. The only potentially dilutive securities outstanding were 900 options issued during 2021, each exercisable for one share at 8. None has been exercised, and 9,700 ordinary shares were outstanding during 2022. The average market price of Sarasota's shares during 2022 was 15. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share E (b) Assume the same facts as those assumed for part (a), except that the 900 options were issued on October 1, 2022 (rather than in 2021). The average market price during the last 3 months of 2022 was 15. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share
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