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ter Do Homework- Kathi Wagner-Google Chrome Secure https://www.maths.com/Student/PlayerHome ork asphomework didaura2 qu ld in a, ACC 215S Intermediate Accounting I Fall 17 Kathi Wagner 11/19/17 3PM ne Homework: Chapter 20 Homework Save score: 0 of 10 pts 10f 2 (0 complete) HW Score: 0%, 0 of 20 pts Question Help | * September 1 Thetm has$10,000 000. 25% convene outstanding fortret llyear and deda edd en forme current til E20-8 (book/static) Stewart Stamping began the current year with 400,000 common shares outstanding and issued an additional 150,000 shares on a full year (0.e, $250,000 coupon interest per year), which are convertible into 325,000 shares of common stock The irm issued the bonds at par and did not convert any during the current year it also had S 1.150.000 par value 3% nonconventie, noncumulative preferred stock year The company is subject to a 40% efective tax rate and net inco me is S3500 000. Assume rat the S3 500 000 net income reponed r dudes a S78000 operations, net of tax. Read the requirements Requirement a. Based on this information, compute basic and diluted earnings per share (EPS) for the current year Begin with the basic eamings per share for income from continuing operations. (Round the EPS to the nearest cent $X.2Xx) Basic EPS from income from continuing operations for the current year is S

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