Henderson Industries Inc.'s stock is currently selling at $22.60 per share. Sharon Jacobs, the CEO, has options to buy 200,000 shares at $25.50 per share that expire at the end of this year. Sharon feels that if the traditional accounting method is used, implementing the deferred payment sales program will push the stock's price about half way toward the level it was at two years ago which was about $50.00.
If Sharon Jacobs is also a founder of the company and has retained 8 million shares of its stock, how much of a difference will the auditors' decision make in her personal wealth outside of the stock option? Enter your answer in millions. For example, an answer of $1.2 million should be entered as 1.2, not 1,200,000. Round your answer to one decimal place.
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Sep 13, 2020EXPERT
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