Tiddler Limited has dividends per share of 30 pence, dividend cover of 3 times, 300,000 ordinary shares in issue, 200,000 preference shares of £1 each with a dividend rate of 6% and a taxation charge for the year of £94,000. What is Tiddler Limited's profit for the year?
A) £270,000
B) £282,000
C) £364,000
D) £376,000
Correct Answer:
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