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Calculate the basic earnings per ordinary share ratios

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Reference no: EM132789906

Gonzales is analyzing the earnings performance of the Bobadilla Transport Corporation. He has gathered the following data from Bobadilla's financial statements and form a report of the closing market prices of shares:

Profit for 2019 743,000

Preference dividends declared during 2019 60,000

Ordinary dividends declared December 31, 2019 620,000

Number of Bobadilla ordinary shares outstanding:

January 1, 2019 1,100,000 shs.

December 31, 2019 1,300,000 shs.

Market price per ordinary share on December 31, 2019 P15

Problem 1: Calculate the following ratios relating to the Bobadilla share:

1. Basic earnings per ordinary share
2. Price-earnings ratio
3. Dividend yield on ordinary share

Reference no: EM132789906

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