The issued share capital of Soresson plc consists of 1,000,000 ordinary shares of 50p each and 250,000
Question:
The issued share capital of Soresson plc consists of 1,000,000 ordinary shares of 50p each and 250,000 6% preference shares of £1 each. The preference shares are correctly classified as equity in accordance with IAS32.
The company's profit for the year to 31 March 2024 (after tax) was £90,000. The dividends paid during the year comprised the annual preference dividend plus an ordinary dividend of £55,000. The stock market price of the company's ordinary shares on 31 March 2024 was 70p per share.
Required:
Calculate the following ratios for Soresson plc:
(a) Earnings per share
(b) Dividend cover
(c) Dividend yield
(d) Price earnings ratio.
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Related Book For
International Financial Reporting a practical guide
ISBN: 9781292439426
8th Edition
Authors: Alan Melville
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