Rustam Ltd. Has produced the following net profit figures for the year ending 31st December....
90.2K
Verified Solution
Link Copied!
Question
Accounting
Rustam Ltd. Has produced the following net profit figures for the year ending 31st December.
2018 1100000
2019 1500000
2020 1800000
On 1st January 2019 the number of shares outstanding was 500000. During 2019 the company announced a right issue of 1 new share for each 5 outstanding (100000 new shares in total). The exercise price is 5.00 and the last date to exercise rights is 1st March 2019. The market (fair) Value of one share in the company immediately prior to exercise on 1st March 2019 is 11.00.
Required: Calculate the EPS for 2018, 2019, 2020.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
