Question
Wildhorse Corporation reported net income of $284,700 in 2020 and had 201,000 shares of common stock outstanding throughout the year. Also outstanding all year were
Wildhorse Corporation reported net income of $284,700 in 2020 and had 201,000 shares of common stock outstanding throughout the year. Also outstanding all year were 54,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.)
| Diluted earnings per share | $ |
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Statistical Audit Automation Applying Computer Assisted Audit Techniques
Authors: Edward J. Winslow
1st Edition
1973281015, 978-1973281016
