Question: How can I answer this question ? 1 . Diluted EPS (3.75 Points) Green Corporation reported net income of $135 million in 2016 (tax rate
How can I answer this question ?

1 . Diluted EPS (3.75 Points) Green Corporation reported net income of $135 million in 2016 (tax rate 40%). Its capital structure consisted of; Common Stock: Jan 1 50 million common shares were outstanding Mar 1 10 million new shares were sold Jun 17 A 10% stock dividend was distributed Oct 1 7 million shares were required as treasury stock (The average market price of the common shares during 2019 was $25 per share) Preferred Stock Nonconvertible Jan 1-Dec31 5 million shares 8%, $10 par Incentive Stock Options Executive stock options granted in 2011, exercisable after 2015 for 15 million common shares at an exercise price of $20 per shar (amounts in millions, except per share amounts) Required: a). Calculate diluted EPS with the formulation
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