Question
For the year ended 31 December 2017, Dunstable plc reported a net profit of 80,000. The company had an average of 50,000 ordinary shares outstanding.
For the year ended 31 December 2017, Dunstable plc reported a net profit of 80,000. The company had an average of 50,000 ordinary shares outstanding. In addition, the company has one potentially convertible security: 60,000 of 6% convertible loan stock, convertible into a total of 15,000 ordinary shares. The income tax rate is 30%.
The basic EPS is which one? ["1.6", "1.23", "0.63"]
The recalculated profit for the calculation of the diluted EPS is which one? ["83,600", "82,520", "81,080"]
The total number of shares after conversion would be which one? ["65,000", "60,500", "53,600"]
The diluted EPS is (to the nearest cent) which one? ["1.29", "1.27", "1.23"]
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