Forest company reported net income of 48 million for the, Ask an Expert

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Forest Company reported net income of $4.8 million for the fiscal year ended 30 June 2009 and had a weighted average of 1,000,000 common shares outstanding. At the beginning of the fiscal year, the company has outstanding 60,000 options with an exercise price of $40. No other potentially dilutive financial instruments are outstanding. Over the fiscal year, the company's market price has averaged $75 per share. Calculate the company's basic and diluted EPS. (Rounded to cents)

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92016323

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