What is Falwell's basic earnings per share for 2013, rounded to the nearest cent?
A)$3.14.
B)$4.40.
C)$5.00.
D)None of these is correct.

Question

Quizplus · Accepted Answer

To calculate basic earnings per share, divide net income available to common shareholders by the weighted average number of common shares outstanding. In this problem, we are not given the net income available to common shareholders or the weighted average number of common shares outstanding, so we cannot determine the basic earnings per share. Therefore, the correct answer is D (None of these is correct), as we do not have enough information to calculate the answer.

What Is Falwell's Basic Earnings Per Share for 2013, Rounded