One company reported 2019 GAAP net income of $255 million and 38 million diluted shares outstanding.

Non-GAAP Items
(in millions of dollars)	2019A
Depreciation of purchased intangible assets	3
Equity-based compensation	34
restructuring expenses	65
Losses on investments	13
GAAP tax rate used to estimate the tax impact of non-GAAP items	%25.0

Calculate 2019 non-GAAP diluted EPS using the above data.

Answer rating: 100% (QA)

moil Solution We need to first adjust the GAAP net income for... View the full answer