Terry Corporation had 600,000 shares of common stock outstanding during 2020. In addition, it had 80,000 stock options outstanding, which had been granted to certain executives on January 1, 2020, and which gave them the right to purchase shares of Terry's stock at an option price of $40 per share. The average market price of Terry's common stock for 2020 was $50. Net income was $1,000,000. SHOW ALL COMPUTATIONS. Round to the nearest penny. a) Compute EPS. b) Compute DEPS. c) Compute DEPS assuming that the options were granted on September 30, 2020, not January 1.
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Terry Corporation had 600,000 shares of common stock outstanding during 2020. In addition, it had 80...
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