Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

At its year end date of 31/12/x8, Company M has a share price of R20.56 and 1.2m shares in issue. At this date, Ms income

At its year end date of 31/12/x8, Company M has a share price of R20.56 and 1.2m shares in issue. At this date, Ms income statement shows a profit before tax of R6 700 000, with the company subject to corporation tax of 25%. Based on this information, calculate Ms Price-earnings (P/E) Rratio at 31/12/x8. Show your answer to 2 d.p. Select one: a. 4.22 b. 4.91 c. 4.19 d. 4.21

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

Examine, compile, and run the static_sensitivity example.

Answered: 1 week ago