XYZ inc reported net income of $283,880 for the year and had 173,230 common shares outstanding throughout the year. Also outstanding all year were 42,540 employee stock options with each option giving the holder the right to purchase one common share at $9.35 per share. The average market price for the common shares during the year was $13.33 per share. Calculate the company's fuly diluted earnings per share. a $1.49 b $1.56 $1.64 d. $153 e $1.60
XYZ inc reported net income of $283,880 for the year and had 173,230 common shares outstanding throughout the year. Also outstanding all year were 42,540 employee stock options with each option giving the holder the right to purchase one common share at $9.35 per share. The average market price for the common shares during the year was $13.33 per share. Calculate the company's fuly diluted earnings per share. a $1.49 b $1.56 $1.64 d. $153 e $1.60
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 21E
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