Q2. The following information was extracted from the Statement of Financial Position of Carman Berhad as at 31 December

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Q2 The Following Information Was Extracted From The Statement Of Financial Position Of Carman Berhad As At 31 December 1 (41.27 KiB) Viewed 28 times

Q2. The following information was extracted from the Statement of Financial Position of Carman Berhad as at 31 December 2018. 7% cumulative preference shares 2,000,000 issued and outstanding of RM100 each ordinary shares 22,000,000 issued of RMi each treasury shares 2,000,000 5% convertible bond RM10,000,000 worth of bond convertible into 2,000,000 ordinary shares are stock options 1,000,000, each to purchase one ordinary share at RM25 per share warrants 2,000,000, each to purchase one ordinary share at RM15 per share RM20 Average market share price Average warrant price Net profit RM10 RM36,000,000 Tax rate is 24% Required: (a) Compute the basic earnings per share. (5 marks) (b) Taking into account dilutive effects above, compute the diluted earnings per share. (10 marks)