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Compute diluted earnings per share for oriolecorporation

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Point 1: OrioleCorporation reported net income of $398,120 in 2020 and had 206,000 shares of common stock outstanding throughout the year. Also outstanding all year were 34,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15.

Question 1: Compute diluted earnings per share. (Round answer to 2 decimal places)

Reference no: EM132489445

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