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ABC Ltd is an Australian listed company. Its results for the financial year ending 30 June 2019 have exceeded expectationsprofit before tax is $5.597 million
ABC Ltd is an Australian listed company. Its results for the financial year ending 30 June 2019 have exceeded expectationsprofit before tax is $5.597 million and income tax expense is $1.847 million. As at 30 June 2018, there were 9.75 million ordinary shares on issue. On 11 May 2019, 3.25 million further ordinary shares were issued at a price of $2.30paid to $2.00. The partly paid shares carry rights to dividends in proportion to the amount paid relative to the total issue price.
Required:
- Calculate the weighted number of shares outstanding at the end of the year
- Calculation of Adjusted net income
- Calculation of basic EPS for ABC Ltd for the year ending 30 June 2019
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