Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $millions)

Refer to the income statement above. Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, 2006 Luther's diluted earnings per share are closest to ________.
A) $1.03
B) $0.51
C) $0.82
D) $1.23

Question

Luther Corporation
Consolidated Income Statement
Year ended December 31 (in $millions)

Refer to the income statement above. Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, 2006 Luther's diluted earnings per share are closest to ________.
A) $1.03 
B) $0.51 
C) $0.82 
D) $1.23

Quizplus · Accepted Answer

A) Diluted EPS = Net income / (Shares outstanding + Options contracts outstanding + 11eaabab_c0c8_496e_b90e_331f0d2597f7_TB5536_11

Luther Corporation Consolidated Income Statement