ardent co has 5,000,000 ordinary shares of 25 cents each in issue,and also had an issue in 2019; sh.1,000,000 of 14% convertible loan stock,convertible in three yearstime at the rate of two shares per shs.10 of stock.shs.2,000,000 of 10% convertible loan stock convertible in one years time at the rate of three shares per shs.5 odf stock.The total earnings in 20*4 were shs. 1,750,000.the rate of income tax is 35%.what is the basic EPS
ardent co has 5,000,000 ordinary shares of 25 cents each in issue,and also had an issue in 2019; sh.1,000,000 of 14% convertible loan stock,convertible in three yearstime at the rate of two shares per shs.10 of stock.shs.2,000,000 of 10% convertible loan stock convertible in one years time at the rate of three shares per shs.5 odf stock.The total earnings in 20*4 were shs. 1,750,000.the rate of income tax is 35%.what is the basic EPS
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
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ardent co has 5,000,000 ordinary shares of 25 cents each in issue,and also had an issue in 2019;
sh.1,000,000 of 14% convertible loan stock,convertible in three yearstime at the rate of two shares per shs.10 of stock.shs.2,000,000 of 10% convertible loan stock convertible in one years time at the rate of three shares per shs.5 odf stock.The total earnings in 20*4 were shs. 1,750,000.the rate of income tax is 35%.what is the basic EPS
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