Multiple Choice
Harvey Inc.reported net earnings of $500,000 for the year.Harvey has 200,000 shares of common stock outstanding all year.Two years ago the company granted 20,000 stock options that allow employees to purchase shares for $15 each.The company stock has averaged $20 in the market during the year.Compute the basic and diluted EPS.
A) basic EPS $2.50; diluted EPS $2.44
B) basic EPS $2.50; diluted EPS $2.50
C) basic EPS $2.44; diluted EPS $2.44
D) basic EPS $2.50; diluted EPS $2.27
Correct Answer:
Verified
Correct Answer:
Verified
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