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Long-term debt Notes payable, 9% Shareholders' equity The following transactions have also...

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Accounting

Long-term debt
Notes payable, 9%
Shareholders' equity
The following transactions have also occurred at Wildhorse.
Options were granted on July 1,2024, to purchase 220,000 shares at $16 per share. Although no options were exercised
during fiscal year 2025, the average price per common share during fiscal year 2025 was $20 per share.
Each bond was issued at face value. The 8% convertible bonds will convert into common stock at 50 shares per $1,000 bond.
The bonds are exercisable after 5 years and were issued in fiscal year 2024.
The preferred stock was issued in 2024.
There are no preferred dividends in arrears; however, preferred dividends were not declared in fiscal year 2025.
The 980,000 shares of common stock were outstanding for the entire 2025 fiscal year.
Net income for fiscal year 2025 was $1,510,000, and the average income tax rate is 20%.
For the fiscal year ended June 30,2025, calculate the following for Wildhorse Pharmaceutical Industries. (Round answers to 2 decimal
places, e.g.2.45.)
a. Basic earnings per share.
Basic earnings per share
b. Diluted earnings per share.
Diluted earnings per share
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