Compute the basic and diluted EPS

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Question - Net profit attributable to ordinary shareholders for 2007 was Tsh 900,000. Ordinary shares outstanding for 2007 were 300,000 shares each of Tsh 2. The company had the following:

-6% convertible loan stock of Tsh 300,000. This was convertible at one ordinary share for every Ish 50 of convertible stock.

-10% cumulative preference share of Tsh 450,000. Nominal value per share is 5. Preference share are convertible at one ordinary share for every 2 preference share held.

-Corporate tax rate for 2007 was 30%

Required - Compute the basic and diluted EPS for 2007.

Reference no: EM133110447

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