Timoleon plc is a listed company.Extracts from its financial statements for the year ended 31 August 20X4 are as follows: During the year, the company paid £1 200 million in dividends.
What was the company's dividend cover for the year ended 31 December 20X2 (to two decimal places)?
A)26.92
B)6.85
C)4.52
D)4.70

Question

Timoleon plc is a listed company.Extracts from its financial statements for the year ended 31 August 20X4 are as follows:  During the year, the company paid £1 200 million in dividends.
What was the company's dividend cover for the year ended 31 December 20X2 (to two decimal places)?
A)26.92 
B)6.85 
C)4.52 
D)4.70

Quizplus · Accepted Answer

To calculate dividend cover, we use the formula: 
Dividend cover = Profit after tax ÷ Dividends paid

Unfortunately, we do not have the Profit after tax figure for the year ended 31 December 20X2 in the given financial statements. Therefore, we cannot calculate dividend cover for that year.

Timoleon Plc Is a Listed Company