Outback Steakhouse's earnings per share for 2001 was $1.63, in 2002, it was $1.96 and in 2003, it was $2.26. Which of the following statements is false?
A. Investors in Outback would be pleased by the improved earnings per share.
B. Earnings per share increased about 39% from 2001 to 2003.
C. In 2003, a competitor, Ruby Tuesday's earnings per share was $1.68 making Outback a more attractive investment.
D. All of the above are false.
Ans: C. In 2003, a competitor, Ruby Tuesday's earnings per share was $1.68 making Outback a more attractive investment.
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