The share capital of the Jack Paints Limited consists of 96 million equity shares of the face

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The share capital of the Jack Paints Limited consists of 96 million equity shares of the face value ₹ 10 each. In addition, the company also has given stock options to its employees which can be converted into 5.80 million equity shares on exercise. Based upon the profits arrived in Problem 5 above, calculate the basic earnings per share and diluted earnings per share for the company.

Profits From Problem 5:

Particulars Gross sales Excise duty Interest earned Dividend received Profit on sales of fixed assets

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