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Question a) Jastuine Incorpotation had 500,000 common shares outstanding on January 1 t 2021 . It issued 40,000 shares on April 12021 and retired 30.000
Question a) Jastuine Incorpotation had 500,000 common shares outstanding on January 1 "t 2021 . It issued 40,000 shares on April 12021 and retired 30.000 shares on November 1".2021. There was a 2:1 share split on December 1 "2021. You are required to calculate the weighted average number of shares as at December 172021 . (4 marks) b) Following Question la), lasmine Incorporation had a net profit of $880,000 and the company had declared a preference dividend of $250,000, you are required to calculate the Earnings Per Share (EPS) of the company. (4 marks) c) Calculate the dividend payout ratio (in % ) of Jasmine Incorporation if the annual dividends per share is $5. (2 marks)
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