Thriftway Corporation reported net income of $1,000,000 in 2024 and had 120,000 shares of common...
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Thriftway Corporation reported net income of $1,000,000 in 2024 and had 120,000 shares of common stock ($1 par value) outstanding throughout the year. Also outstanding all year were 40,000 options. Each option allows the holder to purchase one share of common stock at $20 per share. The average market price of the stock during the year was $32. Thriftways 2024 diluted earnings per share is
a.
$8.33.
b.
$6.90.
c.
$7.41.
d.
$6.25.
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