This may well be a beginners question, but the EPS calculation seem to suggest: profit/(number of shares issues * par value of the share) however the EPS calculation is profit over number of shares in issue.
My calculation for 20x2 160/300
BPP is 160/300*0.5
Many thanks
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Chawan June 2015
2y ago#1I do not know what BPP have done because I am away from home until tomorrow.
However the correct calculation is as follows:
There are 300/0.5 = 600 shares. So the EPS is 160/600 = 0.27
(And this is also the same as the examiners answer :-) )
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