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Calculate diluted book value per share

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Reference no: EM132956090

ABC Berhad is constructing the financial statement for the year ended 2020 for its shareholders. The company's net income is RM3.5 million in 2020 and corporate tax is 28 percent.  ABC BERHAD Partial Statement of Financial Position as at December 31, 2020

Preferred shares at 8% 1,000,000
Common stock, par value RM0.50
Authorized 10,000,000 shares and issued 4,000,000 shares 2,000,000
Capital contributed in excess of par 1,000,000
Retained earnings 2,000,000
Treasury stock (200,000 shares) (100,000) Total stockholders' equity 5,900,000

Additional notes

  1. The company exercises its stock repurchase of 200,000 shares on October 1, 2020.
  2. The company also holds RM5,000,000 worth of convertible 6% bonds that are convertible at par value into 200 shares of stock.

Problem 1: Calculate basic earning per share (EPS)

a. RM0.87
b. RM0.86
c. RM0.88
d. RM0.34

Problem 2: Calculate basic book value per share (BVPS)

a. RM1.24
b. RM1.50
c. RM1.23
d. RM0.42

Problem 3: Calculate diluted earning per share. Show your workings.

Problem 4: Calculate diluted book value per share.

Reference no: EM132956090

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