Rodriguez Company Reported Net Income of $1,300 Million for the Current

Multiple Choice

Rodriguez Company reported net income of $1,300 million for the current year. The weighted average number of common shares outstanding was 554 million shares. Rodriguez paid $30 million in dividends on preferred stock.
How much is basic earnings per share amount for the current year?

A) $2.23
B) $2.18
C) $2.29
D) $2.34