Given: 6,00,000 Equity shares of ₹10 each fully paid. 8% 2,00,000 Preference shares of ₹10 each fully paid. Profit after tax ₹22,80,000 (Corporate tax rate 30%) Market price of each equity share ₹40 and equity dividend p
CS Executive · Cost and Management Accounting · PYQS · December 2021
Given: 6,00,000 Equity shares of ₹10 each fully paid. 8% 2,00,000 Preference shares of ₹10 each fully paid. Profit after tax ₹22,80,000 (Corporate tax rate 30%) Market price of each equity share ₹40 and equity dividend paid 30%. The dividend pay-out ratio will be :
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Financial Statement Analysis
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