Gary Braun Company is a calendar-year firm with 120 million common shares outstanding throughout 2024....
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Gary Braun Company is a calendaryear firm with million common shares outstanding throughout As part of its executive compensation plan, at January the company had issued million executive stock options permitting executives to buy million shares of stock for $ each within the next eight years, but not prior to January The fair value of the options was estimated on the grant date to be $ per option. The stock options qualify for tax purposes as an incentive plan. The company's net income was $ million in Its income tax rate is The average market price of the stock during was $ per share.
Required:
Determine basic and diluted earnings per share for Gary Braun in
Note: Round your answers to decimal places.
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