Multiple Choice
Murray Ltd determined its profit attributable to ordinary shareholders for the reporting period ended 30 June 2022 as $630 000. The average market price of the entity's shares during the period is $3.00 per share. The weighted average number of ordinary shares on issue during the period is 100 000. The weighted average number of shares under share options arrangements during the year is 20 000 and the exercise price of shares under option is $1.50. Murray Ltd's basic earnings per share at 30 June 2022 is:
A) $0.63
B) $6.30
C) $5.25
D) $2.10
Correct Answer:

Verified
Correct Answer:
Verified
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