Belgium plc financial statements for the year ended 31 December 2019 include the following amounts: Income Statement Profit before interest and taxation 422,000 Interest (8,400) Profit before taxation 413,600 Taxation (120,000) Profit after taxation 293,600 Dividends - ordinary (210,000) - preference (16,000) Retained profit 67,600 Statement of Financial Position Total assets less current liabilities 940,000 Creditors: amounts falling due after more than one year

- 8% debentures 2025 (80,000) Net Assets 860,000 Capital and reserves Called up share capital Ordinary shares of 50p each 500,000 7% preference shares of 1 each 200,000 Reserves 160,000

Total equity 860,000

At 31 December 2019 the companys ordinary shares were trading at 2.50.

What is the pre-tax return on total capital employed (ROCE) earned by Belgium plc in 2019?

A: 44%

B: 39%

C: 27%

D: 42%

What is Belgium plc's earnings per share for 2019?

A: 46.8p

B: 20.6p

C: 29.4p

What is the price earnings (P/E) ratio of Belgium plc at 31 December 2019?

A: 8.5 times

B: 2.1 times

C: 6.8 times

D: 4.7 times

D: 24.8p