Exercise 16-28 Nash Corporation earned $380,000 during a period when it had an average of...
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Exercise 16-28 Nash Corporation earned $380,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 14,700 warrants that could be exercised to purchase one share of common stock for $12 for each warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55) Basic earnings per share (c) Compute diluted earnings per share.(Round answer to 2 decimal places,e.g.$2.55.) Diluted earnings per share Click if you would like to Show Work for this question: Open Show Work
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