You are a trainee accountant in practice. You are a traince accountant in practice. You are assisting
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You are a trainee accountant in practice.
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You are a traince accountant in practice. You are assisting your manager in addressing several outstanding issues on bchalf of two clients. Each client has a 31 December yeur-cnd. Your manager bhas sent you the following details in relation to cach client: Client 11 The issued share capital of Berry pk ("Berry") consists of 1,000,000 ordinary shares of 00.50 cach and 250,000 6% preference shares of El cach. In the year to 31 December 2020, the company's profit after tax was €90,000. Dividends paid during the year comprised the preference dividends for the year and an ordinary dividend of €55,000. The market price of the company's ordinary shares on 31 December 2020 was 70 cent per share. REQUIRED: Calculate the following ratios for Berry and explain what is meant by cach of the ratios 1. Earnings per Share; 2. Dividend Cover, and 3. Dividend Yield. You are a traince accountant in practice. You are assisting your manager in addressing several outstanding issues on bchalf of two clients. Each client has a 31 December yeur-cnd. Your manager bhas sent you the following details in relation to cach client: Client 11 The issued share capital of Berry pk ("Berry") consists of 1,000,000 ordinary shares of 00.50 cach and 250,000 6% preference shares of El cach. In the year to 31 December 2020, the company's profit after tax was €90,000. Dividends paid during the year comprised the preference dividends for the year and an ordinary dividend of €55,000. The market price of the company's ordinary shares on 31 December 2020 was 70 cent per share. REQUIRED: Calculate the following ratios for Berry and explain what is meant by cach of the ratios 1. Earnings per Share; 2. Dividend Cover, and 3. Dividend Yield.
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