P.6.4 The capital of E. Ltd. is as follows: 9% Preference shares, 10 each Equity shares of 10 each 3,00,000 8,00,000 11,00,000 Additional information: Profit (after tax at 35 per cent), 2,70,000; Depreciation, 60,000; Equity dividend paid, 20 per cent; Market price of equity shares, 40. You are required to compute the following, showing the necessary workings: (a) Dividend yield on the equity shares. (b) Cover for the preference and equity dividends. (c) Earnings per shares. (d) Price-earnings ratio.