Q16 Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was______. Select one: a. R2.53 b. R3.20 c. R1.94 d. R3.62
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- Brunleigh Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is Brunleigh Corporations weighted average number of shares for the year?Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?Longmont Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. What is the numerator of the EPS calculation for Longmont?
- Bright Ltd reported net income of R34 400 in 2011. The financial year end for Bright Ltd is 31 December. The company declared dividends of R4 000 on preference shares and R12 000 on ordinary shares. At the beginning of 2011, there were 8 000 shares of ordinary shares outstanding. An additional 2 000 shares of ordinary shares were issued on June 30 and another 2 000 shares were added on October 1. In 2011, the basic earnings per share was_ Select one: O a. R3.62 O b. R1.94 O c. R2.53 O d. R3.20For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. Th e company paid $200,000 in dividends to common shareholders. What is Flamingo’s basic earnings per share for 2009? B . $0.91.The Royal Corporation reported profit for 2012 of P177,500. Royal began the year with 100,000 shares of P5 par value ordinary shares outstanding and 2,500 shares of P100 par value 8% preference shares outstanding. On October 1, Royal sold 10,000 shares of ordinary shares for P6 per share. Royal paid. dividends to both the ordinary and preference shareholders in December. What is the weighted average number of ordinary shares to be used in the computation of basic earnings per share for 2012?
- For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. Th e company paid $200,000 in dividends to common shareholders. What is Flamingo’s basic earnings per share for 2009? A . $0.80.For 2009, Flamingo Products had net income of $1,000,000. At 1 January 2009, there were 1,000,000 shares outstanding. On 1 July 2009, the company issued 100,000 new shares for $20 per share. Th e company paid $200,000 in dividends to common shareholders. What is Flamingo’s basic earnings per share for 2009? C . $0.95.Smith Inc. has announced net earnings of $877,500 for this year. The company has 325,660 shares outstanding, and the year-end stock price is $50.48. What are the company’s earnings per share and P/E ratio? a. EPS: $2.69; P/E: 18.77 times b. EPS: $0.37; P/E: 18.77 times c. EPS: $0.37; P/E: 10.55 times d. EPS: $2.69; P/E: 10.55 times
- Clair, Inc. reports net income of $700,000. It declares and pays dividends of $100,000 for the year, one-half of which relate to the preferred shares. The weighted average number of ordinary shares outstanding during the year is 200,000 shares, and the weighted average number of preferred shares outstanding during the year is 10,000 shares. Rounded to the nearest cent, earnings per share for Clair, Inc. is O $2.95. O $3.00. O $3.25. O $3.18.ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. What is the price/earnings ratio? a. .11 b . .33 c. 9 d. 6.67Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year. 1. What is Jupiter Corporation’s weighted average number of shares for the year? 2. What is the numerator of the EPS calculation for Jupiter Corporation? 3. What is the EPS for the year for Jupiter Corporation? (rounded to two decimal places)