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.