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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:

  1. Calculate the weighted number of shares outstanding at the end of the year
  2. Calculation of Adjusted net income
  3. Calculation of basic EPS for ABC Ltd for the year ending 30 June 2019

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