Koyewa PLC has a total asset of 10 million Naira of which 60% of ⁠it...

Koyewa PLC has a total asset of 10 million Naira of which 60% of ⁠it is financed by borrowed capital at an interest rate of 12% per annum. The cost of goods sold is 6 million Naira.
Other expenses are 1 million Naira.
The corporate tax rate is 30%.
The profits are distributed in the proportion of 50:50 between retention and dividend.
Goods are sold at 250% of the cost of good sold.

You are required to:
Determine the EARNINGS PER SHARE, if a total of 1 million shares capitalize the company, what will be the value of the dividend payable to AB Nig LTD that has shares of 250,000.?

In Kwara State University
0 Answers Available
Asked by Abdullahi on 3rd December, 2024