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Compute basic earnings per share for restricted stock

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Reference no: EM132693492

Restricted Stock Awards West Inc. granted 5,000 shares of restricted common stock shares at the beginning of 2020 to company managers that will vest after 4years of service. Net income for the year is $360,000, and 250,000 common shares were outstanding the entire year. The fair value of the shares on January 1, 2020, is £25 per share. The average market price of common shares in 2020 is $25 per share.

Problem a. Compute basic earnings per share

Problem b. Compute diluted earnings per share.

Reference no: EM132693492

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