Module 7 -Peyton Approved -FINAL PROJECT Earnings per Share - In the EPS calculations, you will use Common Stock Shares Outstanding which are the number of shares issued as stated on the Prel B/S. The only time weighted average number of shares is used is when a corporation has issued or reacquired common shares during the period. Go to the EPS tab and calculate the various scenarios of EPS. Then incorporate these into your final paper analysis. The first three calculations are testing your calculation skills for EPS. The first calculation is for basic EPS. The second is if you converted all preferred shares only (before your 3 options). The third is if you converted all bonds only (before your 3 options). You are to calculate all the EPS calculations that are there. The conversions are shown on the EPS tab with the options if you scroll down. These conversions are to be used for all of the calculations: Preferred Stock is convertible preferred stock, where one share can be converted into 10 shares of Peyton Common Stock NOTE: ON THE PROJECT SCENARIO IT STATES THE CONVERSION IS 1 FOR 1 BUT WE ARE USING THE CONVERSION OF ONE SHARE OF PREFERRED IS CONVERTED INTO 10 SHARES OF COMMON STOCK AS STATED IN WORKBOOK. Convertible bonds where each $1000 convertible bond is convertible into 5 shares of Peyton Common Stock