Question: Please solve the two questions, with step by step explanations Bennett Limited (financial excerpt) Net profit after interest and tax, but before dividend Preference dividend

Please solve the two questions, with step by step explanations

Please solve the two questions, with step by step explanations Bennett Limited

Bennett Limited (financial excerpt) Net profit after interest and tax, but before dividend Preference dividend paid for 2013 Preference dividend paid for 2014 Ordinary dividend paid 2013 $ 100,000 NIL NIL NIL 2014 $200,000 $40,000 $40,000 $20,000 There are 100,000 ordinary shares of Bennett's fully paid in cash and 50,000 8% cumulative preference shares of Bennett's ($10) fully paid in cash outstanding as at 1 January 2013. 50,000 ordinary shares of Bennett's ($10) each were issued on July 1 2013 at full market value fully paid in cash. 75,000 ordinary shares issued as a bonus on 1 July 2014. 25,000 ordinary shares were bought back on 1 October 2014 at full market value. i. Determine the weighted average number of shares for both year 2013 and 2014 (10 marks) What is the EPS for year 2013 and 2014 (6 marks)

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