basic EPS for the year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Q2. On 1 July 2020 Farfalle pc had 5 million £1 ordinary shares in issue. On 1 September
2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid
(i) Calculate the earnings for year ended 30 June 2021
(ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence
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