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Wildhorse Company's net income for 2025 is $48,500. The only potentially dilutive securities outstanding were 1,100 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,200 shares of common were outstanding during 2025. The average market price of Wildhorse's stock during 2025 was $25. a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Assume the same facts as those assumed for part (a), except that the 1,100 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $25. (Round answer to 2 decimá places, e.g. 2.55.) Diluted earnings per share $

Wildhorse Company's net income for 2025 is $48,500. The only potentially dilutive securities outstanding were 1,100 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,200 shares of common were outstanding during 2025. The average market price of Wildhorse's stock during 2025 was $25. a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Assume the same facts as those assumed for part (a), except that the 1,100 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $25. (Round answer to 2 decimá places, e.g. 2.55.) Diluted earnings per share $

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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Wildhorse Company's net income for 2025 is $48,500. The only potentially dilutive securities outstanding were 1,100 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,200 shares of common were outstanding during 2025. The average market price of Wildhorse's stock during 2025 was $25. a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Assume the same facts as those assumed for part (a), except that the 1,100 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $25. (Round answer to 2 decimá places, e.g. 2.55.) Diluted earnings per share i
Transcribed Image Text:Wildhorse Company's net income for 2025 is $48,500. The only potentially dilutive securities outstanding were 1,100 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,200 shares of common were outstanding during 2025. The average market price of Wildhorse's stock during 2025 was $25. a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Assume the same facts as those assumed for part (a), except that the 1,100 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $25. (Round answer to 2 decimá places, e.g. 2.55.) Diluted earnings per share i
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