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Question no 1: Lucky Cement has a paid up capital of 100000 ordinary shares of 1 Rs. Each and 20000, 10% redeemable preference shares of Rs. 1 each. The gross profit was 200000 and trading expenses were 50000. Lucky cement paid the required preference share dividend and an ordinary dividend of 0.42 per share. The tax charges for the year was estimated at Rs. 40000. Required: Calculate Basic EPS for the year