Welcome to Westonci.ca, the Q&A platform where your questions are met with detailed answers from experienced experts. Ask your questions and receive accurate answers from professionals with extensive experience in various fields on our platform. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.
Sagot :
Answer:
169,000
Explanation:
Calculation to determine what The number of shares to be used in computing diluted earnings per share for the quarter is:
First step is to calculate the amount assumed to be exercised
Exercised amount= 30,000*$7 / $15avg
Exercised amount= 14,000
Second step is to calculate the Net
Net=30,000-14,000
Net= 16,000
Now let calculate The number of shares to be used in computing diluted earnings per share
Using this formula
Number of shares=Outstanding+Net
Let plug in the formula
Number of shares=153,000 +16,000
Number of shares= 169,000
*diluted eps=$28,000 /169,000
Therefore The number of shares to be used in computing diluted earnings per share for the quarter is: 169,000
Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Stay curious and keep coming back to Westonci.ca for answers to all your burning questions.