The shareholders' equity of Cameron Corp. as of 31 December 20X6, the end of the current fiscal year, is as follows $1 cumulative preferred shares, no-par, convertible at the rate of 4-for-1; 275,000 shares outs $ 9,165,000 16,500,000 246,000 30,750,000 shares, no-par, 2,000,000 shares outstanding rights earnings Additional information On 1 July 20X6, 180,000 preferred shares were converted to common shares at the rate of 4-for-1 During 20x6, Cameron had convertible subordinated debentures outstanding with a face value of $4,150,000. The debentures are due in 20X2, at which time they may to common shares or repaid at the option of the holder. The conversion rate is 12 common shares for each $100 debenture recorded in 20X6 The convertible preferred shares had been issued in 20x0 Quarterly dividends, on 31 March, 30 June, 30 September, and 31 December, have been regularly declared The company's 20X6 net earnings were S2 319,000, after tax at 30% Common shares traded for an average price of $33, stable in each quarter of the year Interest expense of $190,000 was . had certain employee stock options outstanding all year. The options wete to purchase 450,000 common shares at a price of $29 per share. The options become in 20X3 . Cameron had another 115,000 employee stock options outstanding on 1 January 20x6, at an exercise price of $37. They expired on 30 June 20X6 Required 1. Calculate the basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPSs 450,000 common shares at a price of $29 per share The options become in 20X3 at an exercise price of $37. They expired on 30 June 20X6 The shareholders' equity of Cameron Corp. as of 31 December 20X6, the end of the current fiscal year, is as follows $1 cumulative preferred shares, no-par, convertible at the rate of 4-for-1; 275,000 shares outs $ 9,165,000 16,500,000 246,000 30,750,000 shares, no-par, 2,000,000 shares outstanding rights earnings Additional information On 1 July 20X6, 180,000 preferred shares were converted to common shares at the rate of 4-for-1 During 20x6, Cameron had convertible subordinated debentures outstanding with a face value of $4,150,000. The debentures are due in 20X2, at which time they may to common shares or repaid at the option of the holder. The conversion rate is 12 common shares for each $100 debenture recorded in 20X6 The convertible preferred shares had been issued in 20x0 Quarterly dividends, on 31 March, 30 June, 30 September, and 31 December, have been regularly declared The company's 20X6 net earnings were S2 319,000, after tax at 30% Common shares traded for an average price of $33, stable in each quarter of the year Interest expense of $190,000 was . had certain employee stock options outstanding all year. The options wete to purchase 450,000 common shares at a price of $29 per share. The options become in 20X3 . Cameron had another 115,000 employee stock options outstanding on 1 January 20x6, at an exercise price of $37. They expired on 30 June 20X6 Required 1. Calculate the basic EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPSs 450,000 common shares at a price of $29 per share The options become in 20X3 at an exercise price of $37. They expired on 30 June 20X6