Use the table for the question(s)below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions)
-For the year ending December 31,2019 Luther's earnings per share are closest to:
A)$0.96.
B)$1.04.
C)$1.28.
D)$1.33.

Question

Use the table for the question(s)below.
Consider the following income statement and other information:
Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $ millions) 
-For the year ending December 31,2019 Luther's earnings per share are closest to:
A)$0.96. 
B)$1.04. 
C)$1.28. 
D)$1.33.

Quizplus · Accepted Answer

The correct earnings per share (EPS) calculation for Luther for the year ending December 31, 2019, is closest to $1.04. This is based on the company's net income divided by the weighted average number of shares outstanding during the year.

Use the Table for the Question(s)below