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For 2 0 0 9 , Flamingo Products had net income of $ 1 , 0 0 0 , 0 0 0 . At 1

For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there
were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new
/
shares for $20 per share. The company paid $200,000 in dividends to common
shareholders, What is Flamingo's basic earnings per share in 2009?
a. $0.80.
~ 0.91.
-------c:-$0:95

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