The Bike company had 30,000 shares of common stock outstanding all year. The company had outstanding fully vested incented stock options for 5,000 shares with an exercise price of $10. The average market price of common stock was $12. The company reported a net income of $189,300. Determine basic and diluted earnings per share (rounded). 

 

Basic EPS          Diluted EPS

6.31                         6.14

5.41                        7.57

6.31                    Antidilutive

7.89                       6.49

Answer rating: 100% (QA)

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