It is very critical for Financial Analysts to be able to use specialized skills when dealing with advanced and some complex cases of analyzing the financial performance of firms. If Al Salam Firm has preferred stocks with dividends of $3,000 and the common shares outstanding were 2,000. The company has a debt of convertible bonds that worth $6,000 at 6% interest, the debt is convertible into 6,000 shares and the Tax Rate is 40%. The Net Income of Al Salam Firm is $16,800 in 2018. Required: Calculate the Basic EPS and the Diluted EPS for Al Salam Firm for the year of 2018 Compare the Basic EPS with the Diluted EPS. 7 A BI iii III E E