(Solution) - Crowe Interior Designs of Santa Monica granted 300 000 qualified employee -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Crowe Interior Designs of Santa Monica granted 300,000 qualified employee options on June 1 of the current year. The options allow an employee to exchange each option for 36 shares of the company?s common stock at an exercise price of $ 20 per share. The average market price of Crowe?s common shares is $ 18 per share. Based on this information, compute the incremental shares to include in the denominator of the diluted earnings per share ratio. .