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On 1 April 2020 Truffle had 2.4 mllion ordinary shares in issue. On 1 October 2020 Truffle made a one for three bonus issue. For

On 1 April 2020 Truffle had 2.4 mllion ordinary shares in issue. On 1 October 2020 Truffle made a one for three bonus issue. For the year ended 31 March 2021 Truffle generated profit before tax of 2.6m and profit after tax of 2 m. It has retained earnings at 31 March 2021 of 6m. Calculate the basic earnings per share for the year ended 31 March 2021.

a. 2.14

b. 71.4p

c. 92.9p

d. 62.5p

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