Question
Table B below contains data related to Cabbage Ltd.'s capitalization at January 1, 2018. Cabbage Ltd. is a public company trading on the Toronto stock
Table B below contains data related to Cabbage Ltd.'s capitalization at January 1, 2018.
Cabbage Ltd. is a public company trading on the Toronto stock exchange.
The following additional information is available from the company's 2018 records.
All convertible debentures, series T preferred shares and stock options remain outstanding in the financial statements as at December 31, 2018.
Basic earnings per share for the year-ended December 31, 2018 has been determined at $.80 (Net Profit Attributable to Ordinary Shareholders $6,720,000; Weighted Average Ordinary Shares 8,400,000)
REQUIRED:
Calculate Cabbage Ltd.'s diluted EPS for the year-ended December 31, 2018.
Provide detailed support of all calculations
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