Dulce Corporation had 200,000 shares of common stock outstanding during the current year. There were also options for 10,000 shares of common stock were granted with an exercise price of $20. The market price of the common stock averaged $25 for the year. Net income was $4 million. What is diluted EPS (rounded)

$19.80

Explanation:

The Diluted EPS of Dulce Corporation shall be determined through the following mentioned formula:

Diluted EPS=Net income/Number of outstanding shares

Net income= $4 million

Number of outstanding shares=Common stock shares+shares issued for free due to share options

Common stock shares=200,000

shares issued for free due to share options=Number of options*Intrinsic value/market price of common shares

Number of options=10,000

Intrinsic value=market price-exercise price=$25-$20=$5

Shares exercised due to share options=10,000*5/25=2,000

Diluted EPS=$4,000,000/200,000+2,000

                   =$19.80

answer; (15,000)workers each

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"