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Assume that a business has Sales of R85,000, and has an Operating profit of R12,000, and Earnings after tax of R5,000. If there are 10,000

Assume that a business has Sales of R85,000, and has an Operating profit of R12,000, and Earnings after tax of R5,000. If there are 10,000 shares in issue and they are trading at R12 per share, what is the PE ratio? Group of answer choices 24 12 6 8

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