Homework Answers
EPS = Net Income - Preferred Dividends / Total Number of Common Stock Shares
Total Number of Common Stock Shares = Total Number of Shares + Right Shares
Right Shares:
For every 4 shares ---- 1 Share
For 4,000,000 shares --- ?
Right Shares = 4,000,000 Shares * 1 Share / 4 Shares
= 1,000,000 Shares
Total Number of Common Stock Shares = 4,000,000 Shares + 1,000,000 Shares
= 5,000,000 Shares
EPS = Net Income - Preferred Dividends / Total Number of Common Stock Shares
= R425,000 / 5,000,000 Shares
= R0.085 Per Share
Therefore, Earnings Per Share at the year ended 31, December 20X2 is $0.085.
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