Use the Table for the Question(s)below

question 54

Multiple Choice

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

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities.

Offer

An invitation to buy or sell, typically in the context of commercial transactions.

Motivate

To provide reason or incentive for a person to act in a certain way.

Direct Orders

The result of direct marketing offers that contain all the information necessary for a prospective buyer to make a decision to purchase and complete the transaction.