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The following information relates to Kanana Ltd for the financial year ended June 2017: Revenue R916 440 (2016: R783 282) Gross profit margin 41% (2016:

The following information relates to Kanana Ltd for the financial year ended June 2017:

Revenue R916 440 (2016: R783 282)

Gross profit margin 41% (2016: 46%)

Profit for the year R88 160 (2016: R114 815)

Assuming the authorised and issued shares are 150 000 and 120 000 respectively, the earnings per share in Rands for 2017 is calculated as:

Correct Answer:

R 0.588

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