Q-1: Case Study Paramount ltd was incorporate with an Authorized share capital of 5 Million of Rs 10 each. They Deals in Manufacturing of Plastic works. The statement of financial performance of Paramount ltd as follows. Paramount ltd Sales Rs.300,000 Cost of sales 120,000 Gross profit 180,000 Administration expense 56,000 E.B.I.T 124,000 Taxation 40,000 E.A.T 84,000 Reserve brought forward 348,000 Reserve carried forward 432,000 Superior ltd was incorporated with an Authorized share capital of 2 Million of Rs 10 each. They deals in supplies of sanitary. The statement of financial performance of Superior ltd as follows: Superior ltd Sales Rs152,000 Cost of sales 80,000 Gross profit 72,000 Administration expense 32,000 E.B.I.T 40,000 Taxation 8,000 E.A.T 32,000 Reserve brought forward 68,000 Reserve carried forward 100,000 Paramount ltd acquired 75% shares of Superior ltd in January 1 2020. During the year Paramount ltd sold goods to Superior ltd costing Rs30,000 for Rs40,000. Half of the goods still lying the stock. You have been hired as a financial consultant. You have been asked by the management to Prepare financial performance for the period ended December 31 2020. After Preparing the consolidated statement of financial Performance you have found out that that group of companies has made the following issues and repurchase of stock during 2020. The Details are as follows: Date Details Share issued Treasury stock Shares outstanding 1 Jan 2020 Balance b/d 400,000 60,000 340,000 31 may 2020 Issue new shares for cash 160,000 --- 500,000 1 December 2020 Purchase own shares --- 50,000 450,000 31 December 2020 Ending balance 560,000 110,000 450,000

After analyzing the above changes in shares you are required to calculate the weighted average number of ordinary shares and calculate Basic EPS of the Group.

Q-1: Case Study Paramount ltd was incorporate with an Authorized share capital of 5 Million of Rs 10 each. They Deals in Manufacturing of Plastic works. The statement of financial performance of Paramount ld as follows. Paramount Id Sales Rs. 300,000 Cost of sales 120,000 Gross profit 180,000 Administration expense 56,000 E.B.LT 124,000 Taxation 40,000 EAT 84.000 Reserve brought forward 348,000 Reserve carried forward 432.000 Superior Itd was incorporated with an Authorized share capital of 2 Million of Rs 10 each. They deals in supplies of sanitary. The statement of financial performance of Superior lid as follows Superior Sales R$152,000 Cost of sales 80.000 Gross profit 72.000 Administration expense 32.000 E.B.LT 40,000 Taxation 8,000 E.AT 32.000 Reserve brought forward 68,000 Reserve carried forward 100,000 Id Paramount ltd acquired 75% shares of Superior ltd in January 1 2020. During the year Paramount lid sold goods to Superior Itd costing R$30,000 for R$40,000. Half of the goods still lying the stock. You have been hired as a financial consultant. You have been asked by the management to Prepare financial performance for the period ended December 31 2020. After Preparing the consolidated statement of financial Performance you have found out that that group of companies has made the following issues and repurchase of stock during 2020. The Details are as follows Shares Date Details Shared Treasury stock outstanding 1 Jan 2020 Balance bid 60,000 31 may 2020 Issue new shares for cash I December Purchase own shares 2020 31 December Ending balance 2020 400,000 160,000 340,000 500,000 450.000 50.000 560.000 110,000 450.000 After analyzing the above changes in shares you are required to calculate the weighted average number of ordinary shares and calculate Basic EPS of the Group. Q-1: Case Study Paramount ltd was incorporate with an Authorized share capital of 5 Million of Rs 10 each. They Deals in Manufacturing of Plastic works. The statement of financial performance of Paramount ld as follows. Paramount Id Sales Rs. 300,000 Cost of sales 120,000 Gross profit 180,000 Administration expense 56,000 E.B.LT 124,000 Taxation 40,000 EAT 84.000 Reserve brought forward 348,000 Reserve carried forward 432.000 Superior Itd was incorporated with an Authorized share capital of 2 Million of Rs 10 each. They deals in supplies of sanitary. The statement of financial performance of Superior lid as follows Superior Sales R$152,000 Cost of sales 80.000 Gross profit 72.000 Administration expense 32.000 E.B.LT 40,000 Taxation 8,000 E.AT 32.000 Reserve brought forward 68,000 Reserve carried forward 100,000 Id Paramount ltd acquired 75% shares of Superior ltd in January 1 2020. During the year Paramount lid sold goods to Superior Itd costing R$30,000 for R$40,000. Half of the goods still lying the stock. You have been hired as a financial consultant. You have been asked by the management to Prepare financial performance for the period ended December 31 2020. After Preparing the consolidated statement of financial Performance you have found out that that group of companies has made the following issues and repurchase of stock during 2020. The Details are as follows Shares Date Details Shared Treasury stock outstanding 1 Jan 2020 Balance bid 60,000 31 may 2020 Issue new shares for cash I December Purchase own shares 2020 31 December Ending balance 2020 400,000 160,000 340,000 500,000 450.000 50.000 560.000 110,000 450.000 After analyzing the above changes in shares you are required to calculate the weighted average number of ordinary shares and calculate Basic EPS of the Group