What is the basic earnings per share for the year ended 30 June 20X5?

XYZ had 600,000 ordinary shares in issue on 1 July 20X4. On 1 January 20X5, the entity made a 1 for 2 bonus issue. The profit attributable to ordinary shareholders for the year ended 30 June 20X5 was $2,925,000.

What is the basic earnings per share for the year ended 30 June 20X5?
A . $3.25
B . $4.88
C . $1.63
D . $3.90

Answer: A