Pearson Ltd is an Australian listed company. Its results for the financial year ending 30 June 2023 have exceeded expectations—profit before tax is $14 293 618 million, and income tax expense is $2 829 610 million. As of 30 June 2022, there were 14 939 730 million ordinary shares on issue. On 11 May 2023, 5 394 902 million further ordinary shares were issued at a price of $2.99—paid to $2.40. The partly paid shares carry rights to dividends in proportion to the amount paid relative to the total issue price. Required: Calculate the basic EPS for Pearson Ltd for the year ending 30 June 2023.

Relenta Company reported an after-tax net profit of Rs. 3,17,000 for 2022. On April 1, 2021 the company had 96000 equity shares of Rs.10 par value and 1000 of 12%, Rs.100 convertible cumulative preference shares. Information about transactions that affected the share capital are as follows: 1. On July 1, 2021, Company declared bonus of 1 share for every 4 shares held. 2. Issued 60,000 shares at a premium of Rs.25 on October 1, 2021 On March 31, 2022, company declared preference dividends of Rs.12000. Required: 1. Analyze the basic Earning per share (EPS) for 2022. 2. Compute the diluted earning per share (EPS) assuming each preference share will be converted into 10 equity shares. 3. Comment upon the difference between the two.

Compaq Ltd has a net income after tax of $2 000 000 for the year ended 30 June 2018. At the beginningof the period Compaq Ltd has 900 000 fully paid-up ordinary shares on issue. On 1 January 2018Compaq Ltd had issued a further 300 000 fully paid-up ordinary shares at an issue price of $2.00. On1 March 2018 Compaq Ltd made a one-for-five bonus issue of ordinary shares out of retained earnings.The last sale price of an ordinary share before the bonus issue was $2.50. At the beginning of thecurrent period Compaq Ltd also had 500 000, $1.00, 5% cumulative preference shares on issue. Thedividends on the preference shares are not treated as expenses in the statement of comprehensiveincome. The basic earnings per share for the period ended 30 June 2017 was $1.50 per share.Required:a) Calculate the basic EPS amount for 2018.

Marjorie Manufacturing's balance sheets report $250 million in total debt, $100 million in short-term investments, and $8 9 million in preferred stock. Marjorie has 13 million shares of common stock outstanding. A financial analyst estimated that Marjorie's value of operations is $900 million. What is the analyst's estimate of the intrinsic stock price per share?

On January 1, 2023, Blue Corp. had 182,000 common shares outstanding. On April 1, 2023, 18,200 common shares were issued and on September 1, 2023, Blue bought back 28,200 treasury shares. The market price of the common shares averaged $50 during 2023. The corporation's income tax rate is 40%. During 2023, there were 28,200 call options to buy common shares at $40 a share outstanding; and there were 18,200, $8, no par value, cumulative and convertible preferred shares outstanding. Each preferred share is convertible into three common shares. During 2022, the corporation had issued $2,020,000 of 9% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. The corporation reported $729,000 net income for calendar 2023. Calculate diluted earnings per share for 2023. Complete the schedule below. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round earnings per share to 2 decimal places, e.g. 52.75.)…