Question 6 The total earnings for Snowy plc for the year ended to 31 December 2021 were 15,850,000 (net profit after interest and taxation). The company had 40 million ordinary shares outstanding (with the par value of 60p each) on 1 January 2021 and issued an additional 8 million ordinary shares on 1 October 2021. The remaining capital structure of Snowy plc as at 31 December 2021 is shown as follows:- 15% convertible preference (5,500,000 shares) shares of 1 each Convertible in 3 years' time at 7 ordinary share for every 5 preference shares 11% convertible debentures (1,680,000) Convertible in 3 years' time at the rate of 6 new shares for every 5 of debenture. Shares option (3,500,000 shares) exercisable in 1 years' time at 90p per share. The rate of income tax is 30%. The average market price per share of Snowy pic over the year of 2021 was 1.75 Required (a) Calculate the basic earnings per share for Snowy Plc. For 2021 (5 marks) (b) Calculate the diluted earnings per share for Snowy Plc for 2021. Show all workings (15marks) (c) Discuss the limitations of EPS in measuring the performance of an organisation (5marks) There is full information about task