Answer:

8. Crane Co. had a net income for 2025 of $591000. The average number of shares outstanding for the period was 196000 shares. The average number of shares under outstanding options, at an option price of $29 per share, is 12600 shares. The average market price of the common stock during the year was $36. What should Crane report for diluted earnings per share for the year ended 2025?

. 2.83

b. 2.87

c. 3.02

d. 2.98