Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Evolve Health, a pharmaceutical company, the statement of comprehensive income shows R87 960 in earnings before tax (EBIT), interest expense of R62 500 and R10
Evolve Health, a pharmaceutical company, the statement of comprehensive income shows R87 960 in earnings before tax (EBIT), interest expense of R62 500 and R10 000 in preference share dividend with a tax rate of 30%. The company had 1 000 number of shares issued and 1 000 number of shares outstanding. If the price/earnings ratio (P/E) is reported as 5,30 and ROE is 23,3%. What is the company's market to book ratio? a. R2,33 b. R0,81 c. R3,91 d. R1,23
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started