Computing Basic and Diluted Earnings per share Petroni Corporation reported net income of $2,100 million for the year. The weighted average number of common shares outstanding during the year was 760 million shares Petroni paid $48 million in dividends on preferred stock, which was convertible into 10 million shares of common stock a. Calculate Petron's basic earnings per share Numerator Denominate b Calculate Petronis diluted earnings per share Numera Derminator What EPS numbers should Petrons report on its annual income statement Basic EPS only Diluted EPS only Basic and diluted EPS Neither basic or diluted EPS MEVOV Save Answers Next O