Homework Answers
| a) income available for common shareholders | |||||||||
| net income reported | 963750 | ||||||||
| less: cash dividend (1500000*1%*1/4) | 3750 | ||||||||
| income available to common shareholder | 960000 | ||||||||
| 2) weighted average no of share | |||||||||
| share outstanding | 180000 | ||||||||
| share issed (45000*9/12) | 33750 | ||||||||
| issue for other than cash (18000/12) | 1500 | ||||||||
| weighted average no of share | 215250 | ||||||||
| 3) Basic earning per share = net profit atributable to equity/weighted average no of equity share outstanding | |||||||||
| basic earning per share = 960000/215250 = 4.46 | |||||||||
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