1.What is the EPS for 2016? a.1.82 b.1.30 c.1.63 d.1.47 2.What is the weighted number of outstanding ordinary shares for 2017? a.310.5M b.291.87M c.270M d.285.78M

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
icon
Related questions
Question

1.What is the EPS for 2016?
a.1.82
b.1.30
c.1.63
d.1.47


2.What is the weighted number of outstanding ordinary shares for 2017?
a.310.5M
b.291.87M
c.270M
d.285.78M

For the purpose of preparation of statement of changes in equity for the year ended
31 December 2017, Malaya Na Company has extracted the following information:
2017
2016
2015
Draft
Audited
Audited
--------- Pesos in million
Net profit
Transfer to general reserves 112
Transfer of incremental depreciation -
Final cash dividend
660.25
331.67
214
141
49
55
7.5%
Additional information:
(i) Details of share issues:
25% right shares were issued on 1 May 2016 at P18 per share. The market price
per share immediately before the entitlement date was also P18 per share.
A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016.
50 million right shares were issued on 1 July 2017 at P15 per share. The market
price per share immediately before the entitlement date was P 25 per share.
A bonus issue of 15% was made on 1 September 2017 as interim dividend.
(ii) Share capital and reserves as at 31 December:
2015
2014
Pesos in million ----
1,600
....
Ordinary share capital
(P10 each)
General reserves
Revaluation Surplus
Retained earnings
1,600
1,801
49
1,709
104
1,430
1,302
Transcribed Image Text:For the purpose of preparation of statement of changes in equity for the year ended 31 December 2017, Malaya Na Company has extracted the following information: 2017 2016 2015 Draft Audited Audited --------- Pesos in million Net profit Transfer to general reserves 112 Transfer of incremental depreciation - Final cash dividend 660.25 331.67 214 141 49 55 7.5% Additional information: (i) Details of share issues: 25% right shares were issued on 1 May 2016 at P18 per share. The market price per share immediately before the entitlement date was also P18 per share. A bonus issue of 10% was made on 1 April 2017 as final dividend for 2016. 50 million right shares were issued on 1 July 2017 at P15 per share. The market price per share immediately before the entitlement date was P 25 per share. A bonus issue of 15% was made on 1 September 2017 as interim dividend. (ii) Share capital and reserves as at 31 December: 2015 2014 Pesos in million ---- 1,600 .... Ordinary share capital (P10 each) General reserves Revaluation Surplus Retained earnings 1,600 1,801 49 1,709 104 1,430 1,302
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

Blurred answer
Knowledge Booster
Dividends
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Essentials Of Investments
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
FUNDAMENTALS OF CORPORATE FINANCE
FUNDAMENTALS OF CORPORATE FINANCE
Finance
ISBN:
9781260013962
Author:
BREALEY
Publisher:
RENT MCG
Financial Management: Theory & Practice
Financial Management: Theory & Practice
Finance
ISBN:
9781337909730
Author:
Brigham
Publisher:
Cengage
Foundations Of Finance
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education