Calculate the original and restated eps

Assignment Help Financial Accounting
Reference no: EM133091207

Question - At the start of the most recent financial year, on June 1. 2020, Heptagon Ltd had 13.4 million shares in issue. On October 31, 2020, the company made a rights issue of one share for every eight held. At that point, the stock had a market price of $1.80 but the rights issue was done at a price 25% less than market value. For the year to June 2021, net income was $6.8 million and ordinary dividends paid amounted to $550,000, while for the year to June 2020, net income was $5.9 million and ordinary dividends paid amounted to $430,000. The company had $6 million in 6% preference shares in issue during both years. Calculate the EPS for 2021. Calculate the original and restated EPS for 2020?

Reference no: EM133091207

Questions Cloud

What would be the value of this bond : What would be the value of this bond if it paid interest? annually? What would be the value of this bond if it paid interest? semiannually
Calculate the weighted average number of shares : Calculate the weighted average number of shares outstanding for Wildhorse for the year ended December 31, 2020
What is the cost of debt in the WACC : William Tell Computers has a book value of the firms equity that totals 10 million dollars, with book value per share of $20. What is the cost of debt in WACC
Explain information you will obtain from internal auditors : Explain the information you will obtain from the internal auditors to determine the extent to which you will rely on the work of the internal auditors
Calculate the original and restated eps : The company had $6 million in 6% preference shares in issue during both years. Calculate the EPS for 2021. Calculate the original and restated EPS for 2020
Describe basic enzyme kinetics : Critically evaluate the pros and cons of using traditional organic chemistry versus biocatalysis for a large-scale process and Describe basic enzyme kinetics
What is the total impairment loss on trademark : A trademark for P2,000,000.The trademark has a remaining legal life of 8 years. What is the total impairment loss on trademark
Prepare selected organometallic complexes : Prepare selected organometallic complexes and employ them as homogeneous catalysts and prepare a concise account of previous work on a topic from a survey
Determine the deferred tax balances at the end of both years : HeeHoo Ltd acquired machinery at a purchase price of $36.9 million on April 1, 2019. Determine the deferred tax balances at the end of both years

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd