X Ltd is a company listed on the stock exchange. An extract from the profit and loss account of X Ltd for the year ended 31st May 2015 is shown below. 000 Operating profit 986.7 Interest payable (106.0) Profit before taxation 880.7 Taxation (240.0) Profit after taxation 640.7 Ordinary dividends 360.0 Retained profit for the year 280.7 X Ltd has 2,400,000 ordinary shares in issue with a nominal value of 25p each. The market price of a share in X Ltd at 31st May 2015 was 7.99. Required: Calculate (i) Dividend yield (ii) Dividend cover (iii) Price earnings ratio