Rio Inc had 423,500 shares of common stock outstanding throughout the year Net income for the year was $1,218,000 Rio Inc had 3 potentially dilutive securities Potentially Dilutive Security Numerator Effect Denominator Effect 1 $61,600 18,150 shares 2 15,400 30,800 shares 3 0 6,600 shares a Compute...

To compute the basic and diluted earnings per share EPS for Rio Inc we need to consider the net inco ...

Rio Inc. had 423,500 shares of common stock outstanding throughout the year. Net income for the year

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Rio Inc. had 423,500 shares of common stock outstanding throughout the year. Net income for the year was $1,218,000. Rio Inc. had 3 potentially dilutive securities.

Potentially Dilutive Security	Numerator Effect	Denominator Effect
1	$61,600	18,150 shares
2	15,400	30,800 shares
3	0	6,600 shares

a. Compute basic earnings per share.

b. Compute diluted earnings per share.

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Linear Algebra with Applications

ISBN: 978-0131857858

7th edition

Authors: Steven J. Leon

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Posted Date: Jan 29, 2024 09:12 AM

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Rio Inc. had 423,500 shares of common stock outstanding throughout the year. Net income for the year

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To compute the basic and diluted earnings per share EPS for Rio Inc we need to consider the net inco... View the full answer

Linear Algebra with Applications

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