Rangers Corp. balance sheet is as follows: 4 IBM (in $millions) BALANCE SHEET on: 2010 | 2009 ASSETS: Cash and cash equivalents: 10,661 | 12,183 Marketable securities: 990 | 1,791 Notes and accounts receivable trade (net of allowances of $324 in 2010 and $217 in 2009): 10,834 | 10,736 Short-term financing receivables (net of allowances of $342 in 2010 and $438 in 2009): 16,257 | 14,914 Other accounts receivable (net of allowances of $10 in 2010 and $15 in 2009): 1,134 | 1,143 Inventories: 2,450 | 2,494 Deferred taxes: 1,564 | 1,730 Prepaid expenses and other current assets: 4,226 | 3,946 TOTAL CURRENT ASSETS: 48,116 | 48,937 | Plant, rental machines and other property: 40,289 | 39,596 Less: Accumulated depreciation: 26,193 | 25,431 Plant, rental machines and other property net: 14,096 | 14,165 Long-term financing receivables (net of allowances of $58 in 2010 and $97 in 2009): 10,548 | 10,644 Prepaid pension assets: 3,068 | 3,001 Deferred taxes: 3,220 | 4,195 Goodwill: 25,136 | 20,190 Intangible assets net: 3,488 | 2,513 Investments and sundry assets: 5,778 | 5,379 TOTAL ASSETS: 113,450 | 109,024 The footnotes included the following: INTANGIBLE ASSETS The following table details the companys intangible asset balances by major asset class. ($in millions) At December 31, 2010: Intangible Asset Class:: Gross | Accumulated amortization | Net Capitalized software: 1,558 | -726 | 831 Client relationships: 1,709 | -647 | 1,062 Completed technology: 2,111 | -688 | 1,422 In-process R&D: 21 | 0 | 21 Patents/trademarks: 211 | -71 | 140 Other*: 39 | -28 | 11 Total: 5,649 | -2,160 | 3,487 At December 31, 2009: Intangible Asset Class: Capitalized software: 1,765 | -846 | 719 Client relationships: 1,367 | -677 | 890 Completed technology: 1,222 | -452 | 770 Patents/trademarks: 174 | -59 | 115 Other*: 94 | -75 | 19 Total: 4,622 | -2,109 | 2,513 Capitalized software costs incurred or acquired after technological feasibility has been established are amortized over periods ranging up to 3 years. Capitalized costs for internal-use software are amortized on a straight-line basis over periods up to 2 years. (See Software Costs on page 71 for additional information). Other intangible assets are amortized over periods between 2 and 7 years. INCOME STATEMENT for: 2010 Revenue: Services: 56,868 Sales: 40,736 Financing: 2,267 Total revenue: 99,870 Cost: Services: 38,383 Sales: 14,374 Financing: 1,100 Total cost: 53,857 Gross profit: 46,014 Selling, general and administrative: 21,837 Research, development and engineering: 6,026 Intellectual property and custom development income: -1,154 Other (income) and expense: -787 Interest expense: 368 Total expense and other income: 26,291 Income before income taxes: 19,723 Provision for income taxes: 4,890 Net income: 14,833 Earnings per share of common stock: Assuming dilution: 11.52 Basic: 11.69 Suppose Rangers Corp. does not capitalize any software costs an expenses them as incurred. What will be the diluted earnings per share in 2010?

		11.5854
		11.3892
		11.52
		11.4546
		11.52