A company has the following shares in issue throughout 2020: .12000 ordinary shares, and 13000...
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Accounting
A company has the following shares in issue throughout 2020: .12000 ordinary shares, and 13000 non-redeemable, 9% discretionary, participating preference shares (at R2 each). - The company earns a profit after tax of R125000. - The preference shares participate to the extent of 1:4 of the dividends declared to ordinary shareholders. - The total ordinary dividend declared for 2020 was R6 000. - The company declared the full 2020 dividends owing to the preference shareholders. Required: Calculate the following: [15 MARKS] 1.1 Earnings per ordinary share 1.2 Earnings per participating preference share
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