Conquistitor Ltd

question 36

Short Answer

Conquistitor Ltd. reported net income of $750,000 for the year ended July 31, 2020. During the year, the company also declared and paid dividends of $45,000 on the company's preferred shares. At the beginning of the year, Conquistitor had 350,000 common shares outstanding. No shares were issued or repurchased during the year.
Instructions
a) Calculate the basic earnings per-share ratio.
b) Assume 200,000 common shares were issued on Aug 1, 2019 and an additional 150,000 common shares issued on April 1, 2020. Calculate the basic earnings per-share ratio.

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Definitions:

Phrase Structure System

A set of rules used in linguistics to describe the hierarchical structure of sentences.

Passive Participles

A form of a verb used to describe the state of being of the noun being acted upon, often seen in languages to show completed action or condition.

Sound Contrasts

Differences in sound that are used to distinguish meaning in languages, such as the contrast between the sounds of "p" and "b".

Human Language

A complex, dynamic system of conventional symbols organized into a structured form of communication shared among humans.