in FINAL EXAMINATION REGULAF X C moodle.concordia.ca/moodle/mod/quiz/attempt.php?attempt=2353028&cmid=2969983&page=3 S Apps nba streams soccer streams WP WileyPLUS YouTube MyConcordia - Co... N N Netflix F Boruto TV Watch Dragon Ball... Boruto Episode 19... PUMA MB.01 - Me.. Reading List CONCORDIA courses Academic Integrity * English (en) Saawan Patel Question 15 Use the information given below to answer Questions [15] and [16]. Not yet answered Zoom-It Co. reported 600,000 common shares, 60,000 convertible preferred shares, and $3,000,000 of 8% convertible bonds outstanding during 2016. The preferred shares are convertible into 90,000 common shares. During 2017, Zoom-It declared Marked out of dividends of $1.20 per share on the common shares and $3.00 per share on the preferred shares. Each $1,000 bond is 2.00 convertible into 35 common shares. The net income for 2017 was $1,800,000 and the income tax rate was 30%. Flag question [15] Basic earnings per share for 2017 is (rounded to the nearest penny) Select one: O a. $2.60 O b. $2.70 O c. $2.79 O d. $3.00 O e. Basic EPS cannot be determined since the weighted average number of shares is not given. Question 16 [16] Diluted earnings per share for 2017 is (rounded to the nearest penny) Not yet answered Select one: Marked out of O a. $2.98 2.00 O b. $2.54 Flag question O c. $2.48 O d. $2.57 O e. Diluted EPS cannot be determined since the weighted average number of shares is not given