Question
The following information is available about
CrismsonCoporation. Study it carefully to calculate the basic EPS for the year ended Marc,31, 2015. Net income = Rs. 34 lakhs Interest expense = Rs. 3 lakhs Preference Dividend = Rs. 2 lakhs Transfer to retain earnings = Rs. 13 lakhs Equity shares outstanding = 30,00,000Solution
EPS = Net income – preference dividend / no. of shares outstanding EPS = (34,00,000 – 2,00,000) / 30,00,000 EPS = 1.07
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