Use This Data to Calculate Earnings Per Ordinary Share (EPS)for $\quad$

question 10

Multiple Choice

Use this data to calculate earnings per ordinary share (EPS) for Orange Ltd. Market price for each Orange Ltd share $\quad$$\$ 7.80$
Net Profit (after interest, tax) $\quad$$\quad$$\quad$$\quad$$\$ 6400$
Number of ordinary shares issued $\quad$$\quad$$\quad$ 15000

• A)$0.19
• B)$0.43
• C)$0.39
• D)$0.61

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Definitions:

Tax-exempt Interest

Interest income that is not subject to federal income tax, such as that earned from certain municipal bonds.

Interest on a Savings Account

The amount paid by a bank or financial institution to depositors for holding money in a savings account.

Municipal Bonds

Municipal bonds are debt securities issued by states, cities, and other governmental entities to fund public projects, and typically offer tax-free interest payments to investors.

Tax-exempt Interest

Interest income that is not subject to federal income tax, often received from bonds issued by state and municipalities.