For the following questions, circle the best response.
Earnings per share for Carr Company were $4.80 in fiscal 2009. In 2010 a 20% stock dividend was issued, and in 2011 a 4-for-1 stock split was made. Earnings per share for 2009, to be reported in 2011, are
a. $1.00.
b. $1.20.
c. $1.44.
d. $4.00.
e. $4.80.
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