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Last Na Company provided the following data on December 31, 2011: Operating revenue P 5,600,000; Operating expenses 3,000,000 ; Income tax rate 30%; Ordinary shares outstanding the entire year 200,000. On January 1, 2011, there were options outstanding to purchase 40,000 ordinary shares at P25 per share. The average market price during the year was P20 per share. The statement of financial position reported P2,000,000 of 10% non-convertible bonds at December 31, 2011. Interest expense is included in operating expenses. The basic earning per share is:   Choices; 7.42 9.10 10.83 13.00

Last Na Company provided the following data on December 31, 2011: Operating revenue P 5,600,000; Operating expenses 3,000,000 ; Income tax rate 30%; Ordinary shares outstanding the entire year 200,000. On January 1, 2011, there were options outstanding to purchase 40,000 ordinary shares at P25 per share. The average market price during the year was P20 per share. The statement of financial position reported P2,000,000 of 10% non-convertible bonds at December 31, 2011. Interest expense is included in operating expenses. The basic earning per share is:   Choices; 7.42 9.10 10.83 13.00

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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Last Na Company provided the following data on December 31, 2011: Operating revenue P 5,600,000; Operating expenses 3,000,000 ; Income tax rate 30%; Ordinary shares outstanding the entire year 200,000. On January 1, 2011, there were options outstanding to purchase 40,000 ordinary shares at P25 per share. The average market price during the year was P20 per share. The statement of financial position reported P2,000,000 of 10% non-convertible bonds at December 31, 2011. Interest expense is included in operating expenses. The basic earning per share is:
 
Choices;
7.42
9.10
10.83
13.00
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