Calculate the earning per share if the P

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Target Exam

CUET

Subject

-- Accountancy Part B

Chapter

Accounting Ratios

Question:

Calculate the earning per share if the Profit available for Equity Shareholders is ₹1,38,000 and the Number of Equity Shares are 40,000.

Options:

₹2.45

₹3.45

₹4.45

₹5.55

Correct Answer:

₹3.45

Explanation:

The correct answer is option 2- ₹3.45.

EPS = Profit available for Equity Shareholders/ Number of Equity Shares
= 1,38,000/ 40,000
= ₹3.45