The following is an extract from the Profit and Loss Account of a company. What is the
Question:
The following is an extract from the Profit and Loss Account of a company.
What is the company's earnings per share?
A. $0.32
B. $0.40
C. $0.42
D. $0.45
Transcribed Image Text:
Operating profit Debenture interest Profit after interest Preference dividend Ordinary dividend Retained profit The company's share capital is as follows. Authorised: $1 000 000 Issued: 200 000 8% preference shares of $1 800 000 ordinary shares of $1 $ 360 000 24 000 336 000 (16 000) (200 000) 120 000
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