9.37 Watkinson Chapel plc is a listed company with a market capitalization of 3,430,000 at 31 August
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9.37 Watkinson Chapel plc is a listed company with a market capitalization of £3,430,000 at 31 August 20X4.
It has in issue 1,000,000 £1 ordinary shares, and profits attributable to ordinary shareholders for the year ended 31 August 20X4 were £243,700. What was the company’s P/E ratio at 31 August 20X4?
a) 21.4
b) 4.1
c) 3.4
d) 14.1
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