A company reports the following in relation to its latest financial year:
$$\begin{array} { l l }
\text { Net profit } & \$ 12000 \
\text { Number of ordinary shares issued } & 5000
\end{array}$$
Number of preference shares issued
$$\text { \{paying an annual dividend of } 50 \text { cents per share\} }$$
The company's basic earnings per share figure is:
A) $2.00
B) $2.20
C) $2.10
D) $2.35

Question

A company reports the following in relation to its latest financial year:
$$\begin{array} { l l } 
\text { Net profit } & \$ 12000 \
\text { Number of ordinary shares issued } & 5000
\end{array}$$
Number of preference shares issued
$$\text { \{paying an annual dividend of } 50 \text { cents per share\} }$$
The company's basic earnings per share figure is:
A) $2.00
B) $2.20
C) $2.10
D) $2.35

Quizplus · Accepted Answer

The Answer is A

A Company Reports the Following in Relation to Its Latest Net profit $12000 Number of ordinary shares issued 5000\begin{array} { l l } \text { Net profit } & \$ 12000 \\\text { Number of ordinary shares issued } & 5000\end{array} Net profit Number of ordinary shares issued ​$120005000​

A Company Reports the Following in Relation to Its Latest $\begin{array} { l l } \text { Net profit } & \$ 12000 \\\text { Number of ordinary shares issued } & 5000\end{array}$