Business, 05.05.2020 16:33 shaylawymannnnn

Niles Company granted 111 million of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. The common shares have a market price of $22 per share on January 1, 2015, the grant date of the restricted stock award. When calculating diluted EPS at December 31, 2016, what will be the net increase in the denominator of the EPS fraction if the market price of the common shares averaged $22 per share during 2016? (Enter your answer in millions of shares (i. e., 10,000,000 should be entered as 10)

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Niles Company granted 111 million of its no par common shares to executives, subject to forfeiture i...