Jasmine Incorporation had 500,000 common shares outstanding on January 1* 2021. It issued 40,000 shares on April 1$ 2021 and retired 30,000 shares on November I* 2021 There was a 10% share dividend on December 1.

You are required to calculate the weighted average number of shares as at December 1$2021.

(4 marks)

b) Following Question la), Jasmine Incorporation had a net profit of $1,400,000 and the company had declared a preference dividend of $245.000. you are required to calculate the Earnings Per Share (EPS) of the company.

(4 marks)

c) Calculate the dividend payout ratio (in %) of Jasmine Incorporation if the annual dividends per share is $0.50.