Answer the questions on the basis of the information given below.

Company X
TOTAL FUND USED = 30 LAKHS

 Choose the correct answer from the options given below:

The Earning Per Share (EPS) for situation I is:

0.93

          EBIT = 4,00,000 
less: Interest = NIL
         EBT 4,00,000 (Earnings before taxes)
less: Tax 1,20,000 
         EAT 2,80,000

Earning per share = EAT/ no of shares
No of shares = 30 lakhs/10
                     = 300000
EPS = 280000/300000
       = 0.93