alleryStart learning →Profit is Rs 12,00,000, preference dividend Rs 2,00,000 and weighted average shares 50,000. What is the basic EPS?
ARs 16
BRs 24
CRs 28
DRs 20
Answer & Solution
Correct answer: D. Rs 20
Earnings for ordinary holders are 12,00,000 minus 2,00,000 = 10,00,000; dividing by 50,000 shares gives Rs 20.
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