Green Thumb, Inc. had $18,000$ shares of common stock outstanding on January $1.$ An additional $6,000$ shares were issued on May $1.$ The company also had $1,000$ shares of $5\mathrm{.}5\%,$ $$100$ par, convertible preferred stock outstanding during the year. Each share is convertible into $8$ shares of common stock. Net income for the year was $$82,500.$

 

 

Required:

Compute the appropriate earnings per share amount$($s$)$ that would appear on the Green Thumb's income statement. If required, round your answers to two decimal places.

Basic earnings per share $fill in the blank $1$

Diluted earnings per share $fill in the blank $2$

Answer rating: 100% (QA)

Answer how to compute the appropriate earnings per share EPS for Green Thumb Inc Basic EPS Weighted ... View the full answer