Question

A company reports an Earnings Before Interest and Tax (EBI

  • S .
  • T of ₹6,00,000. It pays annual interest of ₹1,00,000 on its borrowings. The applicable corporate tax rate is 30%. The company has 50,000 equity shares outstanding. You are required to calculate the Earnings Per Share (EP
A ₹6
B ₹8.4
C ₹7
D ₹7.2
E ₹6.8
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