The Simonson Corp.provides the following data for 2014:

The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.
(1)Compute basic earnings per share.
(2)Compute diluted earnings per share.

Question

The Simonson Corp.provides the following data for 2014:
  
The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.
(1)Compute basic earnings per share.
(2)Compute diluted earnings per share.

Quizplus · Accepted Answer

The Answer of The Simonson Corp.provides the following data for 2014:
  
The net income for 2014 is $2,300,000.The Simonson's tax rate is 30 percent.No conversions or options were exercised during 2014.
(1)Compute basic earnings per share.
(2)Compute diluted earnings per share.

The Simonson Corp.provides the Following Data for 2014