Company had 300,000 Ordinary Shares outstanding on 1 January 2020. The following ordinary share transactions occurred during 2020: 1 March, Company issued 60,000 Ordinary Shares. 1 May, Company purchased 24,000 Treasury Shares. 1 October, Company re-issued 18,000 Treasury Shares. 1 December, Company purchased 36,000 Treasury Shares.
1. What is the Weighted Average Number of Ordinary Shares used in the computaton of Earnings Per Share for 2020?
2. What the total Number of Ordinary Shares at the end of 2020?
3. Assume that the company had Income From Continuing Operations of $7,200,000 and a Loss from Discontinued Operations (after Tax) of $1,200,000 for 2020. Ordinary dividends declared and paid for 2020 were $2,650,000 while Preference Diviends declared and paid for 2020 were $2,400,000. What is Earnings Per Share (rounded to two decimal places) for 2020?
