What is Angel's basic earnings per share for 2009, rounded to the nearest cent?
A)$5.29
B)$5.57
C)$6.50
D)None of these is correct.The basic EPS is $6.50.The computation is as follows:

Question

Quizplus · Accepted Answer

The basic EPS for 2009 can be computed by dividing the net income available to common shareholders ($650 million) by the weighted average number of common shares outstanding (100 million). This results in a basic EPS of $6.50. Therefore, option C is the correct answer.

What Is Angel's Basic Earnings Per Share for 2009, Rounded