Question $33$

At December $31,2024$ ?and $2023,$ ?Violette Company had $60,000$ ?shares of common stock and $6,000$ ?shares of $5\%,$$$100$ ?par value cumulative preferred stock outstanding. No dividends were declared on either the preferred or common stock in $2024$ ?or $2023.$ ?Net income for $2024$ ?was $$650,000.$ ?For $2024,$ ?basic earnings per common share amounted to:

Note: Round your answer to $2$ ?decimal places.

$$5\mathrm{.}00.$

$$10\mathrm{.}33.$

$$10\mathrm{.}28.$

$$10\mathrm{.}00.$

Question $34$ ?

Rai Corporation had $230,000$ ?shares of common stock outstanding during the current year. There were also fully vested options for $12,500$ ?shares of common stock were granted with an exercise price of $$20.$ ?The market price of the common stock averaged $$25$ ?for the year. Net income was $$4\mathrm{.}7$ ?million. What is diluted EPS $($rounded$)?$

$$20\mathrm{.}43$

$$20\mathrm{.}22$

$$19\mathrm{.}38$

$$21\mathrm{.}61$