QUESTIONS 45 THROUGH 68 RELATE TO FINANCIAL STATEMENT ANALYSIS

12,500 shares outstanding. On 1 April 2001, the company issued 2,000 new shares for $35 per share. The company paid $5,000 in dividends to common shareholders. What is Konvexity Institute’s basic earnings per share for 2011? A. $1.429 B. $1.724 C. $1.786