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Earnings per share example 2 lecture notes

SSimran6y ago
Hi, In example 2 of EPS which is on page 77 of the notes, shouldn't the fraction used be 2/3 since the numerator should be the shares before the bonus issue and the denominator should be the shares after bonus issue? How did the fraction in the working become 3/2? If what I am saying isn't right, could you please explain why and give me a formula that I can learn for the exam? Thanks in advance!
P2-D2P2-D2Tutor6y ago#1
Hi, I think I've answered this question previously on this thread - https://opentuition.com/topic/eps-example-2/ Please let me know if it doesn't answer your question. Thanks
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