Use the following information for Equitable,Inc.to answer the following question(s) .Equitable issued no new common stock and had 100,000 common shares issued and outstanding during 2011.Equitable has no preferred stock. 
What was earnings per share for the year ended December 31,2011?
Definitions:
Tax Rate
The tax rate is the percentage at which an individual or corporation is taxed, influencing the amount of tax owed to the government, varying across income levels and jurisdictions.
Budgeted Break-Even Point
The projected level of sales or production at which total revenues equal total costs, resulting in no profit or loss.
Inpatient Days
A measure of hospital utilisation, representing the total number of days patients spend in the hospital within a given period.
Service Industry
A sector of the economy that offers intangible goods or services to consumers, such as finance, healthcare, or hospitality.
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