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OK had 120,000 shares in issue, however they make a 1 for 4 rights issue on 1 May 2013 with the price of $1. The

OK had 120,000 shares in issue, however they make a 1 for 4 rights issue on 1 May 2013 with the price of $1. The market value was $1.5 when the last day of quotation comes.

You have to calculate the Earning Per Share for the 31 December 2013

The following information was given for 2012

Earnings of $60,000 in 2013

Earnings $50,000 in 2012.

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