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Explain the following financial ratios referring to Kaido plc and relate them to

Forums › Ask ACCA Tutor Forums › ACCA Ethics and Professional Skills Module › Explain the following financial ratios referring to Kaido plc and relate them to

  • This topic has 1 reply, 2 voices, and was last updated 1 year ago by Kim Smith.
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  • July 9, 2021 at 6:53 pm #627301
    hippister2117
    Member
    • Topics: 1
    • Replies: 0
    • ☆

    Kaido Plc
    Statement of changes in equity extract for the year ended 31 December 2020
    Revaluation Retained
    Attributable to the owners of Kaido plc surplus earnings
    £m £m
    Balance brought forward – 800.00
    Total comprehensive income for the year 350.00 222.90
    Transfer between reserves (17.50) 17.50
    Dividends on ordinary shares – (81.75)
    Balance carried forward 332.50 958.65
    As well as revaluing property, plant and equipment during the year (incurring significant
    additional depreciation charges) Kaido plc also incurred £40 million of costs relating to the
    closure of a division.
    Kaido plc has £272.5 million of 50p ordinary shares in issue. The market price per share is 586p.
    Requirement
    Explain the following financial ratios referring to Kaido plc and relate them to the above
    information. (15 Marks)
    (a) Dividend per share = 15p
    (b) Earnings per share = Profit before ordinary dividends = 222.90 = 40.9p
    No of ordinary shares in issue 545.00
    (c) Dividend cover = EPS = 40.90 = 2.7
    Dividend per share 15.00
    (d) Dividend yield = Dividend per share = 15.00 = 0.03
    Current market price per share 586.00
    (e) Price/earnings ratio = Current market price per share = 586.00 = 14.3
    EPS 40.90

    July 9, 2021 at 7:11 pm #627303
    Kim Smith
    Keymaster
    • Topics: 100
    • Replies: 6789
    • ☆☆☆☆☆

    Our forums are provided to assist students using our ACCA/FiA/CIMA materials in preparing for their examinations. We cannot provide answers to homework/classwork assignments.

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