Question
Wildhorse Corporation reported net income of $386,100 in 2017 and had 217,000 shares of common stock outstanding throughout the year. Also outstanding all year were
Wildhorse Corporation reported net income of $386,100 in 2017 and had 217,000 shares of common stock outstanding throughout the year. Also outstanding all year were 51,000 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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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
9780135811603
