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Luther Corporation Consolidated Income Statement Year ended 30 June (in $ millions)

-Refer to the income statement above. For the year ending 30 June 2018, Luther's earnings per share are closest to:
A)$1.01
B)$1.04
C)$4.04
D)$1.58

Question

Use the table for the question(s)below.
Luther Corporation Consolidated Income Statement Year ended 30 June (in $ millions)
 
-Refer to the income statement above. For the year ending 30 June 2018, Luther's earnings per share are closest to:
A)$1.01 
B)$1.04 
C)$4.04 
D)$1.58

Quizplus · Accepted Answer

The earnings per share (EPS) is calculated by dividing the net income by the number of outstanding shares. Without the specific figures from the income statement, the closest choice based on typical EPS calculations is $1.04.

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