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Stanley Department Stores reported net income of $920,000 for the year ended December 31, 2016. Additional Information: Common shares outstanding at Jan. 1, 2016 135,000
Stanley Department Stores reported net income of $920,000 for the year ended December 31, 2016. |
Additional Information: |
Common shares outstanding at Jan. 1, 2016 | 135,000 |
Incentive stock options (vested in 2015) outstanding throughout 2016 | 36,000 |
(Each option is exercisable for one common share at an exercise price of $27.50) | |
During the year, the market price of Stanleys common stock averaged $33.0 per share. | |
On Aug. 30 Stanley sold 15,000 common shares. | |
Stanleys only debt consisted of $45,000 of 10% short term bank notes. | |
The companys income tax rate is 40%. | |
Required: |
Compute Stanleys basic and diluted earnings per share for the year ended December 31, 2016. (Enter your answers in thousands.) |
Basic EPS? Diluted EPS? |
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