Question: please help The following data are presented by Waxman Ltd. for calendar 2019: Net income 34,500,000 Common shares outstanding, 1,000,000 shares 10%, cumulative preferred shares,

please help

please help The following data are presented by
The following data are presented by Waxman Ltd. for calendar 2019: Net income 34,500,000 Common shares outstanding, 1,000,000 shares 10%, cumulative preferred shares, convertible into 120,000 common shares $1,600,000 8% convertible bonds; convertible into 105,000 common shares S?,500,000 360,000 call options exercisable at 825 per share Additional information: 1. The common and preferred shares and the convertible bonds were outstanding from the beginning of the year. 2. No dividends were declared or distributed in 2018 or 2019. 3. The average market price of the common shares in 2019 was 530. The stock price was 52? on January 1, 2019, and S35 on December 31, 2019. 4. The convertible bonds were sold at par. 5. The income tax rate for 2019 is 30%. Required: a. Calculate basic EPS. b. Calculate diluted EPS. c. Briefly discuss the usefulness ofthe EPS measure in general. What is the additional importance of reporting diluted EPS

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