Owl Co. reported net income of $550,000 for 2017 , with a tax rate of 40% and 90,000 common shares outstanding all year. On July 1, 2017, Owl sold $2,000,000 of 4% long-term bonds at par which are convertible into 30,000 shares of common stock. These bonds were still outstanding at year-end, and Fox has no other dilutive securities or preferred stock. What is Fox's diluted EPS for 2017? $6.11 $5.47 $4.98 $5.25 George Manufacturing had net income of $150,000 and had 1,000 shares of $100 par value, 10% preferred stock during the current year. George declared dividends on the Preferred Stock. George began the year with 11,000 common shares outstanding. It issued 60,000 shares on June 30 and repurchased 6,000 of the newly issued shares on November 1. Compute George's basic EPS for the year. (Round your answer to the nearest cent.) $3.50 $3.41 $3.75 $12.73 Owl Co. reported net income of $550,000 for 2017 , with a tax rate of 40% and 90,000 common shares outstanding all year. On July 1, 2017, Owl sold $2,000,000 of 4% long-term bonds at par which are convertible into 30,000 shares of common stock. These bonds were still outstanding at year-end, and Fox has no other dilutive securities or preferred stock. What is Fox's diluted EPS for 2017? $6.11 $5.47 $4.98 $5.25 George Manufacturing had net income of $150,000 and had 1,000 shares of $100 par value, 10% preferred stock during the current year. George declared dividends on the Preferred Stock. George began the year with 11,000 common shares outstanding. It issued 60,000 shares on June 30 and repurchased 6,000 of the newly issued shares on November 1. Compute George's basic EPS for the year. (Round your answer to the nearest cent.) $3.50 $3.41 $3.75 $12.73