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Anda has correctly calculated EPS for the current year ended 30 September but is confused about how to restate last year’s disclosed EPS.
On 1 January 2014 there had been a 1 for 7 bonus issue and on 1 June 2014 there had been a 3 for 2 rights issue with an exercise price of $2. Mid-market price on 31 May 2014 was $7 and Anda’s corporate rate of income tax is 25%.By what fraction should last year’s disclosed EPS be multiplied?
PS: I dont understand this question.
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