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Sunland Company had net income for Year 18 of $611000. The average number of shares outstanding for the period was 209000 shares. The average number
"Sunland Company had net income for Year 18 of $611000. The average number of shares outstanding for the period was 209000 shares. The average number of shares under outstanding options, at an option price of $31 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Sunland Company report for diluted earnings per share for the year ended Year 18? (rounded to the nearest penny)"
$2.76 | ||
$2.78 | ||
$2.90 | ||
$2.92 |
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