14.26 At 30 April 20X6 Wilson Streep pic has a market capitalisation of 6 303 000 with...
Question:
14.26 At 30 April 20X6 Wilson Streep pic has a market capitalisation of £6 303 000 with 3 300 000 ordinary 50p shares in issue. The profit attributable to ordinary shareholders in its profit and loss account for the year ending 30 April 20X6 is £750 090. What is the company's P/E ratio?
a) 16.1
b) 4.2
c) 8.4
d) 3.8.
The following information about Worsley Bacup pic, a quoted company, is relevant to questions 14.27A-14.30A inclusive. Extracts from Worsley Bacup's accounts for the year ending 30 September 20X9 include the following useful information:
£000 Operating profit 986.7 Interest payable
(106.0)
Profit before taxation 880.7 Taxation
(240.0)
Profit after taxation 640.7 Dividends
(250.8)
Retained profit 389.9 The company has 2 200 000 shares in issue. The shares have a nominal value of 25p each. The market price at 31 December 20X4 of a share in the company is £7.66.
Step by Step Answer:
Business Accounting And Finance For Non Specialists
ISBN: 9781861528728
1st Edition
Authors: Catherine Gowthorpe