Tamarisk Corporation reported net income of $398,120 in 2025 and had 206,000 shares of common stock outstanding throughout the year. Also outstanding all year were 34,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $

Managerial Accounting: The Cornerstone of Business Decision-Making
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Chapter15: Financial Statement Analysis
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Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Tamarisk Corporation reported net income of $398,120 in 2025 and
had 206,000 shares of common stock outstanding throughout the year. Also
outstanding all year were 34,500 options to purchase common stock at $11 per share.
The average market price of the stock during the year was $15.
Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.)
Diluted earnings per share
$
Transcribed Image Text:Tamarisk Corporation reported net income of $398,120 in 2025 and had 206,000 shares of common stock outstanding throughout the year. Also outstanding all year were 34,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
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