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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › ACCA Past Exam papers – March/June hybrid 2018 31a – part ii
Hi,
I am currently doing past exam papers on the ACCA website in preparation for the March exam sitting.
I am struggling to understand the increase in PBIT to work out the revised EPS for the rights issue to raise Equity Finance.
I have correctly worked out the TERP for part 31ai)
Looking at the explanation for the answer, the workings say PBIT increases from 1597 to 1916, which then gives a revised profit after tax figure to work out the new EPS but no workings to back up where 1916 comes from.
How do I work out the revised PBIT?
Thanks
The first line of the question says that PBIT will increase by 20%.
It is currently 1,597. If you add on 20% then it becomes 1,916.