Determine the company diluted eps for the year ended

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Question - P ltd has an issued share capital consisting of 8 million ordinary shares. The company's after-tax profit for the year to September 30, 2018 is shs2 million. In 2015, the company issued shs10 million of 6% convertible debentures. The debentures are convertible into ordinary shares in 2021 at the rate of one ordinary share per shs5 of debentures. Assume a tax rate of 30%. Determine the company diluted EPS for the year ended September 30, 2018?

Reference no: EM133174437

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