A company's net income for 2020 is $800,000. It has 2,000 stock options outstanding. These options were issued during 2019, each exercisable for one share at $10. None has been exercised. 20,000shares of common were outstanding during 2020. The average market price of the company’s stock during 2020 was $25. Compute diluted earnings per share. (Round to nearest cent if necessary.)

Answer rating: 100% (QA)

Diluted Earning Per Share Net incom... View the full answer