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RECOMMENDED TIME: 7.5 MINUTES A company has the following summary of earnings for the year ended 31 December 2020: 000 Profit before tax 2600
RECOMMENDED TIME: 7.5 MINUTES A company has the following summary of earnings for the year ended 31 December 2020: 000 Profit before tax 2600 Taxation (500) Profit after tax 2,100 Equity for the Company aswt 1 January 2020 was: Ordinary Shares (E1 each)) 10% Preference shares (E1 each) 000 5,000 2,500 On 1 May 2020, the company issued 4m worth of 10% convertible loan stock, convertible in 2023 into 20 ordinary shares per 100 nominal value loan stock. Assume a corporation tax rate of 20%. The basic earnings per share and diluted earnings per share for the year ended 31 December 2020 are: OaBasic EPS: 39.5 pence per share Diluted EPS Ob Basic EPS Diluted EPS: O Basic EPS Diluted EPS Od Basic EPS Diluted EPS O Basic EPS3 Diluted EPS 33.0 pence per share. 37.0 pence per share 36.5 pence per share 42.0 pence per share 39.9 pence per share 370 pence per share 35.6 pence per share 370 pence per share 34.6 pence per share Moving to the next question prevents changes to this answer. Question 5 of 9 un un
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