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At the start of financial year January 1, 2019 there was 2,500,000 ordinary shares which were issued and outstanding. On September 1, 2019 the company

At the start of financial year January 1, 2019 there was 2,500,000 ordinary shares which were issued and outstanding. On September 1, 2019 the company issued an Additional Public Offer (APO) an additional 1,500,000 common stock being issued. On April 30, 2020 the firm had a stock dividend of 20% on its ordinary shares and on July 31, 2020 the company bought back 600,000 common stock. The following information was extracted from the company financials: 2020 2019 $ $ Profit after tax 4,500,000 3,750,000 10% Convertible Bonds 2,000,000 - Bond holders can exercise their right to convert each $2,000 bonds to 750 ordinary shares.

A. Compute the weighted average number of ordinary shares for 2020 and 2019.

B. Compute the basic earnings per shares for 2020 and 2019.

C. Calculate the diluted earnings per share for 2020.

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