Question
XYZ Co. has Net Income of $360,000. The weighted average number of shares outstanding for the period is 112,500. Basic earnings per share is $3.2
XYZ Co. has Net Income of $360,000. The weighted average number of shares outstanding for the period is 112,500. Basic earnings per share is $3.2
Also outstanding during the year is 50,000 options to purchase Common Stock at $30 per share. The average market price per share during the year is $40 per share. Compute XYZ Co.s Diluted Earnings Per Share using the Treasury Method.
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The Solitary Auditor
Authors: Michael Knapp
1st Edition
161163878X, 978-1611638783
