The following is an extract from the accounts of Jay plc for theyear ended 31 December 2016: £ £ Pro

FIRST GRADER essay writing company is the ideal place for homework help. If you are looking for affordable, custom-written, high-quality and non-plagiarized papers, your student life just became easier with us. Click the button below to place your order.


Order a Similar Paper Order a Different Paper

The following is an extract from the accounts of Jay plc for theyear ended 31 December 2016:                                   £                £ Profit aftertaxation                      1,400,000 Non-controlling (minority)Interests                300,000                                         1,100,000 Dividends: Ordinary                  10,000 Preference                    5,000        15,000 RetainedProfit                            1,085,000 Notes On 1 January 2016, the share capital of Jay plc comprised£1,000,000 ordinary shares of 25p each, in issue. On 31 March 2016, there was a bonus issue of 1 new ordinaryshare for every 4 held. On 1st September 2016, there was an issue of onemillion 25p ordinary shares for cash at full market price. A rights issue was made to the ordinary shareholders on the31st October 2016, at 50 pence per share, on the basisof one share for every four held. The fair value price immediatelybefore the rights issue was listed as £1. The EPS figure for last year (2015) was 20 pence. REQUIRED a)    Calculate theearnings per share figure for 2016.                                                      b) Recalculate the earnings per sharefigure for the year 2015.                                                      c)     Discuss the usefulness of the Earnings per Share ratio as a measureof corporate performance, and the relevance of the Price-Earningsratio. . . .

Got stuck with another paper? We can help! Use our paper writing service to score better grades and meet your deadlines.

Get 15% discount for your first order


Order a Similar Paper Order a Different Paper
Writerbay.net