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Need answer asap Question No 2: Rustam Ltd. Has produced the following net profit figures for the year ending 31st December. 2018 1100000 2019 1500000
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Question No 2: Rustam Ltd. Has produced the following net profit figures for the year ending 31st December. 2018 1100000 2019 1500000 2020 1800000 On 1st January 2019 the number of shares outstanding was 500000. During 2019 the company announced a right issue of 1 new share for each 5 outstanding (100000 new shares in total). The exercise price is 5.00 and the last date to exercise rights is 1st March 2019. The market (fair) Value of one share in the company immediately prior to exercise on 1st March 2019 is 11.00. Required: Calculate the EPS for 2018, 2019, 2020Step by Step Solution
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
