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प्रश्न
From the following particulars of Hind Ltd., calculate the preference dividend paid by the company:
| Particulars | |
| Net Profit before Tax | ₹ 20,00,000 |
| Equity Shares of ₹ 10 each (Market Value ₹ 15) | ₹ 40,00,000 |
| Tax Rate | 30% |
| Earning per share | ₹ 2.75 |
उत्तर
Net Profit before Tax = ₹ 20,00,000
Equity shares of no each = ₹ 40,00,000
(Market value ₹ 15)
Tax Rate = 30%
Earning per share = ₹ 2.75
Earning per share = `("Net Profit after Tax and Preference Dividend")/("Number of equity shares")`
Number of equity shares = `(40,00,000)/10` = 4,00,000 equity shares
2.75 = `("Net profit after tax and preference share dividend")/"4,00,000"`
Net profit after tax and preference share dividend = 4,00,000 × 2.75 = ₹ 11,00,000
Net profit after tax = 20,00,000 − (20,00,000 × 30%)
Net profit after tax but before dividend = 20,00,000 − 6,00,000 = ₹ 14,00,000
Profit after tax and preference dividend = 11,00,000
Preference Share Dividend = Profit after tax and preference dividend − Profit after tax but before dividend
= 14,00,000 − 11,00,000
= ₹ 3,00,000
