Bramble Corporation earned $366,000 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 $15 per share during the period. Also outstanding were 15,300 warrants that could be exercised to purchase one share of common stock for $10 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 $

Bramble Corporation earned $366,000 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 $15 per share during the period. Also outstanding were 15,300 warrants that could be exercised to purchase one share of common stock for $10 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 $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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