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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convert ible preferred shares

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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convert ible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 18.0 milion shares of comon) 100 million 80 million $2,000 millian Henderson-Niles's net income for the year ended December 31, 2018, is $800 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2018. Required Compute basic and diluted earnings per share 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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