A company has capital of 1 million ordinary shares of 1 each. It pays a dividend of
Question:
A company has capital of 1 million ordinary shares of £1 each. It pays a dividend of 6 per cent out of its profits after tax of £480,000 on sales of £4 million. The market price of the shares is £2.40. What is the:
(a) Net profit after tax : sales
(b) Dividend yield
(c) Earnings per share
(d) Price earnings ratio?
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Related Book For 
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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