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At December 31, 2018, the financial statements of Hollingsworth Industries included the following: Net income for 2018 $ 620 million Bonds payable, 10%, convertible into

At December 31, 2018, the financial statements of Hollingsworth Industries included the following:

Net income for 2018 $ 620 million
Bonds payable, 10%, convertible into 50 million shares of common stock $ 500 million
Common stock:
Shares outstanding on January 1 600 million
Treasury shares purchased for cash on September 1 36 million

Additional data: The bonds payable were issued at par in 2016. The tax rate for 2018 was 40%. Required: Compute basic and diluted EPS for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Numerator / Denominator = Earnings per share
Basic / =
Diluted / =

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