What would be weighted average number of common stocks

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Problem 1 - Aladdin Ltd. has 48,000 common stocks at the beginning of the year 2020. On 1 April, additional shares of 12,600 were issued. There were also in issued 5,000 preferred stocks, with each convertible into 3 common stocks. Preferred dividends amounting to $14,000 were declared on the preferred stocks. The company reported earnings of $224,000 and declared $54,000 common stocks dividends for the year ending 31 December 2020. Determine the company's basic EPS in £?

Problem 2- Aladdin Ltd. has 48,000 common stocks at the beginning of the year 2020. On 1 April, additional shares of 12,600 were issued. There were also in issued 5,000 preferred stocks, with each convertible into 3 common stocks. Preferred dividends amounting to $14,000 were declared on the preferred stocks. The company reported earnings of $224,000 and declared $54,000 common stocks dividends for the year ending 31 December 2020. What would be weighted average number of common stocks would be in issue if the preference stocks were converted?

Reference no: EM132890281

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