Calculating weighted average number of ordinary shares outstanding

Assuming YE is 31 Dec: Use this format - Date Shares Months Fraction Total 1.1 400 3/12 7.4/8** 13,320 1.4 500* 9/12 - 375 Total 13,695 To calculate the EPS for the year you would then divide the profit (not given in the question you have provided) divided by 13,695. * This is a rights issue for 1 in 4 so 400/4 = 100 Therefore the shares in issue is 400+100=500 ** We need to calculate the weighted average including the new shares so therefore: 4 shares @ 8 = 32 1 share @ 5 = 5 5 shares = 37 (32+5) 1 share after rights issue = 7.4 (37/5 shares) Fraction is therefore 7.4/8