Rustam Ltd. Has produced the following net profit figures for the year ending 31st December....
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Accounting
Rustam Ltd. Has produced the following net profit figures for the year ending 31st December.
2018 1100000
2019 1500000
2020 1800000
On 1st January 2019 the number of shares outstanding was 500000. During 2019 the company announced a right issue of 1 new share for each 5 outstanding (100000 new shares in total). The exercise price is 5.00 and the last date to exercise rights is 1st March 2019. The market (fair) Value of one share in the company immediately prior to exercise on 1st March 2019 is 11.00.
Required: Calculate the EPS for 2018, 2019, 2020.
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