Use the table for the question(s)below.

-Refer to the income statement above.Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2015 Luther's diluted earnings per share are closest to:
A)$1.01
B)$1.04
C)$1.53
D)$3.92
E)$4.04

Question

Use the table for the question(s)below.
 
-Refer to the income statement above.Assuming that Luther has no convertible bonds outstanding,then for the year ending December 31,2015 Luther's diluted earnings per share are closest to:
A)$1.01 
B)$1.04 
C)$1.53 
D)$3.92 
E)$4.04

Quizplus · Accepted Answer

Diluted EPS = Net income / Diluted weighted-average shares outstanding= 10,400,000 / 10,200,000= $1.01

Use the Table for the Question(s)below