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What is the number of shares that should be used

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Question - At December 31, 20x6, Skye Inc. had 458871 common shares outstanding (no preferred shares issued). On July 1, 20x7, an additional 43303 common shares were issued. Skye also had unexercised call options to purchase 299344 common shares at $16 per share outstanding throughout 20x7. The average market price of Skye's common shares was $20 during 20x7. What is the number of shares that should be used in calculating diluted earnings per share for 20x7?

Reference no: EM132479054

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