Q2. On 1 July 2020 Farfalle pc had 5 million £1 ordinary shares in issue. On 1 September 2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An...

Q2. On 1 July 2020 Farfalle pc had 5 million £1 ordinary shares in issue. On 1 September
2020, Farfelle made a bonus issue of 1 for 2. Its profit after tax for the year ended 30 June 2021 is £3.8m. An ordinary dividend of £1.8m was paid


(i) Calculate the earnings for year ended 30 June 2021


(ii) Calculate basic EPS for the year ended 30 June 2021 to the nearest pence