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The EASY Corporation has the following information relating to its share capital: 10% Preference shares, cumulative, P100 par value, 30,000 shares authorized, 20,000 shares outstanding

The EASY Corporation has the following information relating to its share capital:

  • 10% Preference shares, cumulative, P100 par value, 30,000 shares authorized, 20,000 shares outstanding - P2,000,000
  • Ordinary shares, P10 par value, 500,000 authorized, 300,000 shares outstanding - P3,000,000

Required: Compute the earnings per share assuming that the reported profit of the company is P750.000.


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