Corcoran, Heiselberg and Associates (CHA) is a publicly traded law entity. In addition to 1.5 million common shares outstanding, the entity also has ₤2 million of 4% cumulative preferred shares convertible into 1 million common shares and ₤200,000 6% cumulative preferred shares that are both three years in arrears due to anemic profits. All shares have been outstanding for the past three years. This year, CHA had a profit of ₤50 million. Calculate basic and diluted EPS.

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The Answer of Corcoran, Heiselberg and Associates (CHA) is a publicly traded law entity. In addition to 1.5 million common shares outstanding, the entity also has ₤2 million of 4% cumulative preferred shares convertible into 1 million common shares and ₤200,000 6% cumulative preferred shares that are both three years in arrears due to anemic profits. All shares have been outstanding for the past three years. This year, CHA had a profit of ₤50 million. Calculate basic and diluted EPS.

Corcoran, Heiselberg and Associates (CHA) Is a Publicly Traded Law