Mary Ltd Determined Its Profit Attributable to Ordinary Shareholders for the Reporting

Mary Ltd determined its profit attributable to ordinary shareholders for the reporting period ended 30 June 2016 as £720 000. The number of ordinary shares on issue up to 31 October 2015 was 50 000. Mary Ltd announced a two-for-one bonus issue of shares effective for each ordinary share outstanding at 31 October 2015. Basic earnings per share at 30 June 2016 is:

A) £4.80
B) £6.17
C) £7.20
D) £9.60

Correct Answer:

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