Question

This Question: 1 pt Luther Corporation Consolidated Income Statement Year ended December 31 (in $millions) 2006 610.1 - 500.2
This Question: 1 pt -3.6 41.2 - 3.3 31.3 Depreciation and amortization Operating income Other income Earnings before interest
Earnings before interest and taxes (EBIT) Interest income (expense) Pretax income Taxes Net income 41.2 - 25.1 16.1 -5.5 10.6
0 0
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Answer #1

Earnings per share

= (Net income - Preferred dividends)/Outstanding common shares

= (10.6 million - 0)/9.7 million

= 10.6 million/9.7 million

= $1.09

Option B is the answer

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