10-points PROBLEM#2-Earnings per share Santana Corporation has 400,000 shares of common stock outstanding throughout 2018. In addition, the corporation has 2,000, 20-year, 4% bonds issued at parin 2016 Each S100 is convertible into 40 shares of common stock after 9/23/19. During the year 2018 the earned $900,000 after deducting all expenses. The tax rate was 20% Instructions Compute the proper earnings per share for 2018. (Basic EPD and Diluted EPS as appropriate) - Was it dilutive? Ye or no? Chapter 13, p 72 Current labiitss 2. Quisk or acid-test Chaoher 13, p iabildies 3. Current cash Average cument labiits ll. Activity Net sales Average net accounts receivable Cost of goods sold Average inventory Net sales Average total assots 4. Accounts receivable 5. Inventory turnover 6. Asset turnover Hel momS 0 Earnings pr 1 Paynet ramo