Eagle Inc. reported the following for $2023$:

net income of $$780,000$

$300,000$ common shares outstanding throughout the year.

$60,000$ stock options allowing the holder to purchase $1$ common share at $$11$ per share.

average market price for the common shares during the year was $$16$ per share.

tax rate of $25\%$

Calculate the diluted earnings per share $($round to $2$ decimal places$).$

Answer rating: 100% (QA)

To calculate the diluted earnings per share EPS we need to consider the potential dilu... View the full answer