The finance director of Downing Co has correctly

05 Jun The finance director of Downing Co has correctly

Posted at 17:27h in 2General studies by Blogger

Question

(d) The finance director of Downing Co has correctly calculated the company’s basic and diluted earnings per share(EPS) to be disclosed in the financial statements for the year ended 31 March 2016 at 148·2 cents and119·4 cents respectively.On seeing these figures, the chief executive officer (CEO) is concerned that the market will react badly knowingthat the company’s EPS in the near future will be only 119·4 cents, a fall of over 19% on the current year’s basicEPS.Required:Explain why and what aspect of Downing Co’s capital structure is causing the basic EPS to be diluted andcomment on the validity of the CEO’s concerns. (5 marks)(30 marks)

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