Calculate diluted eps for the company

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Reference no: EM133360793

Question: Glamazon Inc, a cosmetic conglomerate that reports under IFRS. Their financial information is as follows:

Net income attributable to the common shareholders for the fiscal year was $3,600,000.
The weighted average of common shares outstanding for the fiscal year was 2,200,000 common shares.
Last year, the company issued 500,000 employee stock options that vest in 3 years from the date of grant. They each have an exercise price of $28.00 and the average share price during the year was $25.00. The share price at the end of the year is $30.00.
Last year, the company issued $4,000,000, 13%, 10-year convertible bonds. Each $1,000 of the bond is convertible into 45 common shares at the request of the shareholder.

The corporate tax rate for the company is 25%.

Calculate diluted EPS for the company.

Reference no: EM133360793

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