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In the year ended 31/12/2017 there were 12 million ordinary shares in issue. In the year ended 31/12/2017 the earnings available for ordinary shareholders amounted to $5million. There are 1 million 10% convertible loan notes in issue, convertible at the rate of 3 ordinary shares for every $4 of notes in the year ended 31/12/2017 and the rate of company tax is 30%. What is the fully diluted EPS for the year ended 31/12/2017

In the year ended 31/12/2017 there were 12 million ordinary shares in issue. In the year ended 31/12/2017 the earnings available for ordinary shareholders amounted to $5million. There are 1 million 10% convertible loan notes in issue, convertible at the rate of 3 ordinary shares for every $4 of notes in the year ended 31/12/2017 and the rate of company tax is 30%. What is the fully diluted EPS for the year ended 31/12/2017

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In the year ended 31/12/2017 there were 12 million ordinary shares in issue. In the year ended 31/12/2017 the earnings available for ordinary shareholders amounted to $5million. There are 1 million 10% convertible loan notes in issue, convertible at the rate of 3 ordinary shares for every $4 of notes in the year ended 31/12/2017 and the rate of company tax is 30%. What is the fully diluted EPS for the year ended 31/12/2017
Transcribed Image Text:In the year ended 31/12/2017 there were 12 million ordinary shares in issue. In the year ended 31/12/2017 the earnings available for ordinary shareholders amounted to $5million. There are 1 million 10% convertible loan notes in issue, convertible at the rate of 3 ordinary shares for every $4 of notes in the year ended 31/12/2017 and the rate of company tax is 30%. What is the fully diluted EPS for the year ended 31/12/2017
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