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World Airlines has no preferred stock outstanding. The company had 50,000 shares of common stock outstanding on January 1 and issued 20,000 additional shares on

World Airlines has no preferred stock outstanding. The company had 50,000 shares of common stock outstanding on January 1 and issued 20,000 additional shares on April 1. If Worlds net income was $359,000, the company should report earnings per share of (to the nearest cent) Select one: a. $4.27 b. $4.60 c. $5.52 d. $5.98 e. None of the above

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