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3. Answer all parts of this question (a) You are given the following information in relation to Lily Lid and tris Ltd: Required Define and

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3. Answer all parts of this question (a) You are given the following information in relation to Lily Lid and tris Ltd: Required Define and calculate the earnings per share and the price earnings ratio for Lily Lid and Iris Lid. Discuss 2 reasons why the price eamings ratio may be different between the two companies. (8 marks)

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