Sheridan Company purchased Carla Vista Co. and agreed to give stockholders of Carla Vista Co....
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Sheridan Company purchased Carla Vista Co. and agreed to give stockholders of Carla Vista Co. 10800 additional shares in 2020 if Carla Vista Co.s net income in 2019 is $491000; in 2018 Carla Vista Co.s net income is $511000. Sheridan Company has net income for 2018 of $449000 and has an average number of common shares outstanding for 2018 of 90000 shares. What should Sheridan report as diluted earnings per share for 2018? (rounded to the nearest penny)
| A | $4.12 |
| B | $4.99 |
| C | $5.46 |
| D | $4.45 |
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