Exercise 19-2O (Algo) EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9]Stanley Department Stores reported net income of $776,000 for the year ended December 31, 2021.Additional Information:Common shares outstandingIncentive stock options (vested in 2020) outstanding throughout 2021(Each option is exercisable for one common share at an exercise price of $23.00)During the year, the market price of Stanley's common stock averaged $27.60 per share.On Aug. 30, Stanley sold 15,000 common shares.Stanley's only debt consisted of $36, 000 of 10% short-term bank notes.The company's income tax rate is 25%.Jan. 1, 202190,00024,000Required:Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Donot round intermediate calculations)NumeratorDenominatorEarnings per ShareBasic%3DDiluted%3D

Information Provided: Net income = $776,000 Common shares = 90,000 Incentive stock options = 24,000…

Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations) Numerator Denominator Earnings per Share Basic Diluted

Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do not round intermediate calculations) Numerator Denominator Earnings per Share Basic Diluted

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

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Question

Exercise 19-2O (Algo) EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9]
Stanley Department Stores reported net income of $776,000 for the year ended December 31, 2021.
Additional Information:
Common shares outstanding
Incentive stock options (vested in 2020) outstanding throughout 2021
(Each option is exercisable for one common share at an exercise price of $23.00)
During the year, the market price of Stanley's common stock averaged $27.60 per share.
On Aug. 30, Stanley sold 15,000 common shares.
Stanley's only debt consisted of $36, 000 of 10% short-term bank notes.
The company's income tax rate is 25%.
Jan. 1, 2021
90,000
24,000
Required:
Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Do
not round intermediate calculations)
Numerator
Denominator
Earnings per Share
Basic
%3D
Diluted
%3D

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