What are the basic earnings per share for Craven Ltd

Assignment Help Accounting Basics
Reference no: EM132453005

Problem - Craven Ltd has 10 000 000 ordinary shares on issue at the beginning of the year, 1 July 2013. These shares were issued at $0.50 each and have a current market value of $3.00. On 1 November 2013, Craven Ltd bought back 1 000 000 ordinary shares originally issued at $0.50 for $1.90 each. On 1 February 2014, 1 500 000 shares were issued fully paid up at the current market value of these shares. Also during the period, 500 000 partly paid-up ordinary shares were issued. They were issued on 1 April 2014 at an issue price of $2.90. These shares were partly paid to $1.80. The partly paid shares are permitted proportionate rights to vote and receive dividends based on the relationship between the amount paid up and the issue price.

Craven Ltd has 3 000 000, $1.00 preference shares that provide cumulative dividends at a rate of 8%.

For the year ended 30 June 2014, the net income after tax was $20 000 000.

Required - What are the basic earnings per share for Craven Ltd for the year ended 30 June 2014?

Reference no: EM132453005

Questions Cloud

Analyzing jeemp farms : Describe any other qualitative or quantitative factors or changes to Mr. Beridon's business that might be relevant to Jeemp Farms as they make the decision
Identify the author and text and present central focus : Identify the author and text and present your CENTRAL FOCUS in the first sentence. This requires some pre-writing.
Did management do a good job of controlling expenses : During the year, management decided not to replace a worker who quit in March, but it did issue a new advertising brochure and did more entertaining of clients.
History of criminal justice ethics and gratuities : While at the police academy many years ago, you were trained that it is against department policy to accept gratuities-discounts, halfpriced meals
What are the basic earnings per share for Craven Ltd : For the year ended 30 June 2014, the net income after tax was $20 000 000. What are the basic earnings per share for Craven Ltd
Disagree with the film main theme and points : The reflection paper should focus on your response to the ideas in the film. Do you agree or disagree with the film's main theme and points?
What elements of the democratic process : What elements of the democratic process do you see in play in the elections for Class Monitor?
Compute the cost of goods sold for ABC Ltd : ABC Ltd. uses the periodic inventory system and has the following information for 2016. Compute the cost of goods sold for ABC Ltd. in 2016
Discuss major emphasis of the activity based management : Explore the usefulness of activity-based costing in the implementation customer profitability analysis (CPA) in service industries.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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