Use the following information to answer the given question


\(\begin{array}{c|c} & ₦\\ \hline \text{ordinary shares of ₦1 each} & 500,000\\ \text{8% preference shares of ₦1 each} & 200,000\\ \text{Interim dividends paid} & \\ \text{- ordinary shares} & 40,000\\ \text{-preference shares} & 12,000\\ \text{profit for the year} & 100,000\end{array}\)


The dividend per ordinary shares for the year is

A.

₦0.88 kobo

B.

₦0.40 kobo

C.

₦0.20 kobo

D.

₦0.17 kobo

Correct answer is B

No explanation has been provided for this answer.