Calculate the diluted EPS by using the following information for the year ended 31 May 2008:
Profit after tax: $1,812,000,
Ordinary shares of $1 (fully paid) $40,000,000
The average market price for year of ordinary shares $1.5
Share options have been granted to directors giving them the righ to subscribe for ordinary shares between 2009 and 2011 at $1.2 per share. There were 2,000,000 options outstanding at 31 May 2008.© BrainMass Inc. brainmass.com June 4, 2020, 12:13 am ad1c9bdddf
The expert examines diluted EPS including effects of options granted to directors.