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| C11- 2.
Company Wire is a listed company. It issued share capital of 300,000 $1 on 1/1/2002. Of this amount, 50,000 $1 ordinary shares were only paid 75 cents. Following information relate to 1/1/2002 to 31/12/2004. (1) On 1/4/2002, the outstanding amount was received (2) During 2003, Wire made a right issue on 1 for 2 basis at $1.2 per share on 31/8/2003. The market price of shares are $1.8 per share. (3) Profit for the year 2002 is $200 and for year 2003 is $250. Required: Calculate the earnings per share for year 2002 and year 2003. |