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My company had 320,000 outstanding shares already, and then on January 1st we issued an additional...

My company had 320,000 outstanding shares already, and then on January 1st we issued an additional 25,600. On Nov. 15 we bought back 8000 shares. My net income is $643,555. What is my EPS and diluted EPS?

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Answer #1

Weighted average outstanding shares = 320000+25600 - 8000*1.5/12

= 344600 shares

EPS = Net income / Weighted average outstanding shares

= 643555 / 344600

= $1.87 per share

Diluted EPS = $1.87 per share

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