Reference no: EM132986583

Question -

a) Anotida Ltd's year end is 31 December. The following transactions in shares took place during the year ended 31 December 2012:

1 January ordinary shares in issue ??1,000,000

1 April 100,000 shares issued ???100,000

1 May 200,000 shares issued ?? 200,000

1 Dec 10,000 shares repurchased?? (10,000)

As at 31 December ????1,290,000

Calculate the Weighted Average number of Ordinary shares outstanding.

b) Windy ltd had at 31 December 2012 the following

An issued capital of 1 000 000 ordinary shares of 50c each nominal value.

Post tax earnings $1 150 000

Convertible 8% preference shares of $ 1 totaling 1000 000 convertible at one ordinary share for every 5 convertible preference share

Calculate basic earnings per share and diluted earnings per share?.