Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. during year4, rockvale inc, had 500,000 shares of

During Year4, Rockvale Inc, had 500,000 shares of common stock outstanding Rockvale's net income (after...

80.2K

Verified Solution

Question

Accounting

image
During Year4, Rockvale Inc, had 500,000 shares of common stock outstanding Rockvale's net income (after tax) for Year4 was $ 800,000. The income tax rate is 40%. rate 40%. Rockvale granted 10,000 stock options to its executives on January 1, Year2. Each option gives its holder the right to buy 10 shares of common stock at an exercise price of $20 per share. The options were fully vested prior to Yeard The market price of the common stock averaged $25 per share during Yeard. 1. What is Rockvale's basic EPS rounded to the nearest cent? 2. What is Rockvale's diluted EPS rounded to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Civil Engineering
1.2K views

Combine the following aggregates in the right proportions to produce a blend with the given target...

Medical Sciences
1.2K views

1) When learning about blood vessels and circulation it is also important to understand blood pressure....

General Management
1.2K views

Given the data set below, calculate the standard deviation standard deviation using the defining formula standard deviation...

Basic Math
1.2K views

Suppose you want to have $400,000 for retirement in 30 years. Your account earns 5%...

Basic Math
1.2K views

Find the probability that of 25 randomly selected students, at least two share the same...

Statistics
1.2K views

Q If I toss a coin three times what is the modeled probability of throwing...

Calculus
1.2K views

feet of fencing find the dimensions that maximize the area of the pen using all...

Accounting
1.2K views

An increase in an organization's fixed costs will result in a lower margin of safety,...

Accounting
1.2K views

Periodic inventory by three methods; cost of goods sold The units of an item available...

Accounting
1.2K views

VO Required information (The following information applies to the questions displayed below.) This year Burchard...

Accounting
1.2K views

If the interest rate in the United Kingdom is 8 percent, the interest rate in...

Accounting
1.2K views

value: 1.00 points A machine costing $211,000 with a four- year life and an estimated...