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Tamarisk AG earned 204,000 during a period when it had an average of 100,000 ordinary shares outstanding. The ordinary shares sold at an average market
Tamarisk AG earned 204,000 during a period when it had an average of 100,000 ordinary shares outstanding. The ordinary shares sold at an average market price of 21 per share during the period. Also outstanding were 31,200 warrants that could be exercised to purchase one ordinary share for 14 for each warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 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
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