Reference no: EM132901234
F Melon Company is calculating earnings per share amounts for inclusion into its annual report to shareholders. Melon has obtained the following information from the controller's office as well as shareholder services:
Net profit from January 1 to December 31, 2021 P375,000
No. of ordinary shares outstanding throughout the year 30,000
In addition, prior to 2021, Melon had issued 6,000 incentive stock options with an exercise price of P25 to its employees and an average market price of P30 per share. Income tax rate is 30%
Problem 1: What is the weighted average no. of shares that Melon should use to calculate basic earnings per share?
Problem 2: What is the weighted average no, of ordinary shares outstanding that Melon should use to calculate diluted earnings per share?
Problem 3: What is the basic earnings per share for 2021?
Problem 4: What is the diluted earnings per share for 2021?
Problem 5: What if in the above, options to acquire ordinary shares for 6,000 ordinary were exercised on October 1, 2021, how much is the basic earnings per share?
Problem 6: how much is the diluted earnings per share?
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