Refer to the financial statements of Brookfield Asset Management Inc. for its year ended December 31, 2014, which are reproduced at the end of Volume 2 of this text, and for its year ended December 31, 2013 found at www.sedar.com or on the company's website.

Instructions
(a) What amount of net income was earned on the consolidated net assets of Brookfield Asset Management for the year ended December 31, 2014? Determine the percentage of this income that accrues to Brookfield's common shareholders. What does this tell you about its subsidiary companies?
(b) Identify the basic and diluted earnings per share reported for 2014 and 2013. Explain each dilutive factor that contributed to the lower diluted EPS amounts.
(c) What were the U.S. dollar basic earnings per share and weighted average share prices of the Brookfield shares in each of the years 2011 to 2014? Based on your findings, what do you think a reasonable estimate of the company's price-earnings ratio would be? Explain what this means.
(d) Have the number of outstanding common shares of Brookfield Asset Management been increasing or decreasing over the four-year period ended December 31, 2014? Comment on any trends vou notice.