Kindly show work. Will upvote. thank you Stanley Department Stores reported net income of...
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Stanley Department Stores reported net income of $788,000 for the year ended December 31, 2018. 6 Additional Information: 2 Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $23.50) During the year, the market price of Stanley's common stock averaged $28.2 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley's only debt consisted of $37,000 of 10% short term bank notes. The company's income tax rate is 40%. Required: Compute Stanley's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Numerator 1 Denominator Earnings per Share Basic EPS / Diluted EPS /
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