Question 10 (Posted by Iswan Shah)

SS had 5 million ordinary shares in issue on 1 January x3. The following transactions happened in x3:

31 January: The company mad a rights issue of one-for-four at RM1.75.

30 November: The company mad a one-for-ten bonus issue.

Profit for the year ended 31 December x3 was RM3,000,000. The reported EPS for year ended 31 December x2 was 46 sen.

Required:

Calculate the EPS for year x3 and the restated EPS for year x2.