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标题: FSA: Financial Ratios and Earnings per Share 财务报告分析：财务比率 [打印本页]

作者: cfaspace 时间: 2006-4-27 16:32 标题: 每天一练：FSA: Financial Ratios and Earnings per Share 财务报告分析：财务比率

Carolina Company has options for 100,000 shares outstanding that may be exercised at the discretion of the option holder no earlier than June 30, 2003. The exercise price is $40 per share. The market price of Carolina shares was $30 on December 31, 2001 and was priced at an average of $32 during 2001.

Carolina’s earnings per share disclosures for 2001 should:

A)	not include the options because they are antidilutive.
B)	include the options because they could dilute earnings.
C)	not include the options because they cannot be exercised until June 30, 2003.
D)	include the options because the shares declined in price during 2001.

A
Only dilutive securities are included in the earnings per share (EPS) calculation. Because the options may only be exercised at $40 per share, and the market price is in the low 30’s, exercise would be antidilutive.

作者: hwq70823 时间: 2006-10-2 02:17

e

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