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following capital structure is available for a company: $ $1 share capital 400,000 Share premium 350,000 On 1 st April company made a right issue

following capital structure is available for a company: $ $1 share capital 400,000 Share premium 350,000

On 1 st April company made a right issue of 2 for 8 shares at $1.5 per share when the market value of each share was $4. Profit for the year ended on 31 st December by the company was $400,000. Required: Calculate earnings per share for the year?

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