Use the Table for the Question(s)below

question 96

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 31,2006 Luther's diluted earnings per share are closest to:

• A)$1.01
• B)$1.04
• C)$1.53
• D)$3.92

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Definitions:

Innovative Ideas

Novel concepts or solutions that result from creative thinking and provide advances in various fields.

Traditional Way

The traditional way refers to customary methods or practices that have been established over time, often contrasted with modern, innovative approaches.

Incremental Change

The process of change that bends and adjusts existing ways to improve performance.

Existing Ways

Current methods, practices, or habits that are utilized in any given process or operation.