Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. marigold company's net income for 2020 is $709,000

Marigold Company's net income for 2020 is $709,000, and 94,000 shares of common stock were...

70.2K

Verified Solution

Question

Accounting

image

Marigold Company's net income for 2020 is $709,000, and 94,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 28,000 executive stock options issued during 2019, each exercisable for one share at $20.00, none of these have been exercised. The average market price of Marigold's stock during 2020 was $25.50. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg.2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2020, with an exercise price of $26.50 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $29.00. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ $

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

on Find the average rate of change of f x x 2 x or the...

Basic Math
Q

A certain honest wheel of chance is divided into three equal segments colored green (G), red (R),...

Physics
Q

Procedure a. Design and build a circuit based on the subtractor adder to implement the following equation:...

Electrical Engineering
Q

Total plasma volume is important in determining the required plasma component in blood replacement therapy for...

Statistics
Q

In 350 words, provide a definition of levels of measurements. Then explain why they are important.

Basic Math
Q

The following jobs are waiting to be processed at Rick? Solano's machine center.? Solano's machine center...

General Management
Q

During periods of sustained demand and in the presence of sufficient nutrients muscle cells can...

Biology
Q

Board Competitive Exams 14 When pressure remaining constant at what temperature will the r m...

Physics
Q

7 4 6 5 What is P 7 or even Write your answer as a...

Geometry
Q

13 A ladder is leaning against a wall The base of the ladder is 1...

Basic Math
Q

2 For each of the following quadratic functions complete the table below a f x...

Algebra
Q

Dani Trading Inc. (DTI) is a merchandiser that uses the indirect method to prepare the...

Accounting