Bedard Ltd. reported net income of 300,000 in 2019 and had 200,000 ordinary shares outstanding throughout the

Question:

Bedard Ltd. reported net income of ₺300,000 in 2019 and had 200,000 ordinary shares outstanding throughout the year. Also outstanding all year were 45,000 options to purchase ordinary shares at 10 per share. The average market price of the shares during the year was ₺15. Compute diluted earnings per share.