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Compute basic eps for rand inc

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Reference no: EM132657428

Computing Diluted EPS: Stock Options

Rand Inc. had net income of $800,000. During the year, 200,000 shares were outstanding on average and Rand's common stock sold at an average market price of $50 per share. In addition, Rand had 20,000 stock options outstanding to purchase a total of 20,000 common shares at $25 for each option exercised.

Required

Question a. Compute basic EPS.

Question b. Compute diluted EPS.

Reference no: EM132657428

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