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Tick - Tack Honey Products began the current year with 6,000 common shares outstanding. The firm issued additional shares of 4.200 and 4 800 on
Tick - Tack Honey Products began the current year with 6,000 common shares outstanding. The firm issued additional shares of 4.200 and 4 800 on March 1 and July 1, respectively. In addition, the firm purchased 840 shares of treasury stock on October 1 The firm's year end is December 31. In addition, Tick-Tack Implemented a 3-for-1 stock split on April 1 Compute the weighted average shares outstanding (Enter a decrease in shares outstanding with a minus sign or parentheses) Number of Shares Outstanding Weight by Number of Months Shares Are Outstanding Weighted Average Shares Outstanding Date Event 1/1 Balance 3/1 4/1 Now Inoue Subtotal before the stock split 3-1 Stock Split Subtotal after the stock split New Issue Treasury Stock Purchase 7/1 10/1 12/31 Balance Phono Welders, Inc granted 330,000 employee options on April 1 of the current yeat. Employees can exercise each option and receive two shares of the company's common stock at an exercise price of 518 per share. The average market price of Phono's common shares is $25. Based on this information computer the incremental shares to include in the denominator of the diluted earnings per share ratio. The incremental shares to include in the denominator of the diluted earnings per sharo ratios
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