Question 84 Chapter 4 of +2-B – USHA Publication 12 Class

Question 84 Chapter 4 of +2-B
Q-84- CH-4 Book 2 - Usha Pub. +2 Book 2020 - Solution

Question 84 Chapter 4 of +2-B

Earning Per Share (Not For PSEB Students)

Free Accounting book Solution - Class 11 and Class 12

84. From the following calculate earning per share

Particulars Amount ₹
60,000 equity shares of 10 each  6,00,000
25,00010% preference share of 10 each  2,50,000
10% Debentures  1,00,000
Net profit before interest and tax  70,000
Rate of Tax 30%   

 

The solution of Question 84 Chapter 4 of +2-B: – 

 

Return On Capital Employed Ratio = Net profit after Interest and Tax Preference Dividend
Number of Equity Shares
  =  
  = ₹ 17,000
  ₹ 60,000
  = ₹ 0.28
Particular
Amount
Net profit before interest and tax 70,000
Less Interest (10% of ₹ 1,00,000 Debentures) 10,000
Profit after Interest 60,000
Less Tax (30% of ₹ 60,000) 18,000
Profit after Interest and Tax 42,000
Less Preference Dividend ( 10% of ₹ 2,50,000 Preference Share) 25,000
Profit after Interest, Tax and Preference Dividend 17,000

Also, Check out the solved question of previous Chapters: –

Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution

Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution

Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication

2 Book 3 min 225x300 - Question 84 Chapter 4 of +2-B  - USHA Publication  12 Class
T.S. Grewal’s Analysis of Financial Statements
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