For the Year Ended 31 December 2019, Manjinder Plc Has

Multiple Choice

For the year ended 31 December 2019, Manjinder plc has a profit after tax of £5.0m. Issued share capital of £4.0m is made up of 4 million 50 pence preference shares which carry a dividend rate of 6% and ordinary share capital of £2.0m made up of shares with a par value of 10 pence each. What are Manjinder plc's earnings per share for the year ended 31 December 2019?

A) 20.33 pence
B) 23.80 pence
C) 24.40 pence
D) 122.00 pence