CSecre hnnectmhaducstion.com/fow/connect.htm Check my worl As part of its execut

Question

CSecre hnnectmhaducstion.com/fow/connect.htm Check my worl As part of its executive compenston plan, Vertovec Inc. granted 66,000 of its no par common shares to executives, subject to Torfeiture if employment is terminated wthin three yoars. Vertovcc's common sheres heve a market pricc of $20 per share on January 1, 2017, the grant date ot the restricted stock award, as well as on December 31, 20n8 1,2500o0 shares were outstanding at January 1 2018. Net income for 2018 was $500,000. points Required: skpeCompute vertavec's hasic and dut eanings per share tor the year ended Decemher 31, 2018 (Enter your answers in thousands.) Rasir FPS Liluted EPS arch Viindows

Explanation / Answer

Calculate Basic EPS and diluted EPS :

Diluted shares = 66000-(66000/20) =

Numerator / Denominator = Earning per share Net income / Share outstanding = Earning per Share Basic EPS 500000 / 125000 = 4 per share Diluted EPS 500000 / 187700 = 2.66 per share

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