Calculate Earnings per share using the ratio Net Income After Preference Dividends / Number of ordinary share used.

QUESTION TWO [25] The following extracts of the financial statements of Big Six Industries were presented to you: Statement of Comprehensive Income (Income statement) for the year ended 30 June: Statement of Financial Position (Balance sheet) as at 30 June: Additional information: 1. All purchases are made on credit. 20% of Sales are for cash. 2. Depreciation included in operating expenses for the year ending 30 June 2022 : Office machinery R200 000 and Motor vehicles R240 000. No asset was sold during this period. 3. Inventories for the year ending 30 June 2020 amounted to R460 000. 4. Dividend declared for the year ended 30 June 2022 amounted to R360 000. 5. The ordinary shares have a par value of R1