Evans Company reported net income of $1,050 million in 2016. The weighted average number of common shares outstanding during 2016 was 480 million shares. Evans paid $50 million in dividends on preferred stock, which was convertible into 40 million shares of common stock.  What is the diluted earnings per share amount for 2016?  Select one: a. $2.12 b. $2.02 c. $1.92 d. $2.19

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Evans Company reported net income of $1,050 million in 2016. The weighted average number of common shares outstanding during 2016 was 480 million shares. Evans paid $50 million in dividends on preferred stock, which was convertible into 40 million shares of common stock. 

What is the diluted earnings per share amount for 2016? 

Select one:

a. $2.12
b. $2.02
c. $1.92
d. $2.19
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