Temeraire Ltd has 100 000 ordinary shares outstanding during the reporting period ended 30 June 2024. The
Question:
Temeraire Ltd has 100 000 ordinary shares outstanding during the reporting period ended 30 June 2024. The profit attributable to parent shareholders (there are no discontinued operations or non-controlling shareholders) was \($7\) 250. The average market price of its ordinary shares during the period was \($7.50\) per share. Temeraire has issued the following securities with potential ordinary shares:
• Options for 7,500 ordinary shares at an average exercise price of \($6\) per share.
• 12% convertible notes of \($10,000\) (par \($1)\) converting to ordinary shares 1 for 1.
• 2% convertible notes of \($5,000\) (par \($1)\) converting to ordinary shares 2 for 1.
Required
Calculate the basic EPS and Diluted EPS.
Step by Step Answer:
Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes