For its fiscal year-end, a company reported net income of $12 million and a weighted average of 2,000,000 common shares outstanding. The company paid $800,000 in preferred dividends and had 100,000 options outstanding with an average exercise price of $20. Market price of the company shares over the year averaged $25 per share. Based on this the Diluted EPS of the company is closest to: O a. $5.94. Ob. $5.54. O c. $5.33.

For its fiscal year-end, a company reported net income of $12 million and a weighted average of 2,000,000 common shares outstanding. The company paid $800,000 in preferred dividends and had 100,000 options outstanding with an average exercise price of $20. Market price of the company shares over the year averaged $25 per share. Based on this the Diluted EPS of the company is closest to: O a. $5.94. Ob. $5.54. O c. $5.33.

Name: For its fiscal year-end, a company reported netincome of $12 million
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Description: For its fiscal year-end, a company reported netincome of $12 million and a weighted average of2,000,000 common shares outstanding. Thecompany paid $800,000 in preferred dividends andhad 100,000 options outstanding with an averageexercise price of $2

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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