Brandies, Inc. reported net income of $10.32 million. At the beginning of the year, 4.2 million shares of common stock were outstanding and at the end of the year, 4.4 million shares were outstanding. No dividends were declared. The EPS is approximately:
A. $2.46.
B. $2.35.
C. $2.40.
D. $1.20.
Answer: C
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