You have some funds that you would like to invest. You have done some internet research to find two publicly traded companies in the same industry and you have compared their earnings per share figures. Why might the earnings per share reported by each company differ?

a.	One company might be much more profitable than the other.
b.	One company might have preferred shares outstanding on which dividends were paid; the other might have issued only common shares.
c.	One company might have many more outstanding shares than the other, or have issued or repurchased common shares during the year.
d.	All of the above answers are correct.