Calculate basic earnings per share

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Question: Indigo Ltd. reported $4,689,900 of net income for the fiscal year ended December 31, 2021. The company had 386,000 weighted average common shares outstanding for the year. The common shares sold at an average market price of $23 per share during the period. Also outstanding during the fiscal year were 25,300 warrants that could be used to purchase 5 common shares each at a price of $21. None of the warrants were exercised during the fiscal year.

Are the warrants dilutive?

Calculate basic earnings per share.

Calculate diluted earnings per share

Reference no: EM132989781

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