Business, 02.04.2021 04:30 Valduarte07

Patel Co. had net income for 2020 of $500,000. The average number of shares outstanding for the period was 200,000 shares. The average number of shares under outstanding options, at an option price of $30 per share is 12,000 shares. The average market price of the common stock during the year was $40. What should Patel Co. report for diluted earnings per share for the year ended 2020

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Patel Co. had net income for 2020 of $500,000. The average number of shares outstanding for the peri...