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Waterway Industries had net income for 2021 of $615000. The average number of shares outstanding for the shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The aver market price of the common stock during the year was $36. What should Waterway Industries report for diluted earnings per for the year ended 2021? O $3.02 O $2.88 O $3.06

Waterway Industries had net income for 2021 of $615000. The average number of shares outstanding for the shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The aver market price of the common stock during the year was $36. What should Waterway Industries report for diluted earnings per for the year ended 2021? O $3.02 O $2.88 O $3.06

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Waterway Industries had net income for 2021 of $615000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Waterway Industries report for diluted earnings per share for the year ended 2021? $3.02 O $2.88 O $3.06 O $2.91
Transcribed Image Text:Waterway Industries had net income for 2021 of $615000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Waterway Industries report for diluted earnings per share for the year ended 2021? $3.02 O $2.88 O $3.06 O $2.91
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