Question 5

Jumbo Plc has reported a profit after tax of 2,187,500 for the year ended 31^st December 2020. On 1^st January 2021 Jumbo Plcs issued share capital comprised of 400,000 1 ordinary shares. On 1^st May 2021 Jumbo Plc made a 1 for 5 rights issue at 1.50 per share. The market value of the shares just before the rights issue was 4.50 per share. As at the 1^st November 2021 Jumbo Plc issued a further 150,000 ordinary shares at the full market price.

YOU ARE REQUIRED TO:

Calculate EPS for Jumbo for the year ended 31^st December 2021.