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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

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