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What is burberry company diluted earnings

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Reference no: EM133169470

Question - Burberry Company had 200,000 ordinary shares issued and outstanding at December 31, 2022. On July 1, 2023, Burberry Company issued a 10% bonus issue. Unexercised share options to purchase 40,000 ordinary shares (adjusted for the 2023 bonus issue) at P20 per share were outstanding at the beginning and end of 2023. The market price of Burberry Company's ordinary share (which was not affected by the bonus issue) was P25 during 2023. Profit for the year ended December 31, 2023 was P1,100,000.

Required - What is Burberry Company's 2023 diluted earnings per ordinary share, rounded to the nearest centavo?

a. P4.23

b. P4.82

c. P5.00

d. P5.05

Reference no: EM133169470

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