Sheffield Corp., has 4190000 shares of common stock outstanding on December 31, 2020. An additional 790000 shares of common stock were issued on April 1, 2021, and 398000 more on July 1, 2021. On October 1, 2021, Sheffield issued 19100, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock in 2021. What is the number of shares to be used in computing basic earnings per share and diluted earnings per share, respectively
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Ответ:
highest
Explanation:
In a market system with scarce commodity, the best possible option is to optimize the use of the scarce commodity in order to ensure that the highest return is obtained from the operation. When there is a scarce commodity, there is a need to use the commodity effectively and efficiently. Therefore, the correct option to the question is 'highest'.