Question
Net profit before tax of Acumen Ltd. is ? 17,50,000. The company has 1,00,000 equity shares of face value ? 10 each, fully paid-up. Current
Net profit before tax of Acumen Ltd. is ? 17,50,000. The company has 1,00,000 equity shares of face value ? 10 each, fully paid-up. Current market price of the shares is ? 85 per share. Income-tax @ 30% applies to the company. Compute the P/E ratio for the company.
(A) 5.92
(B) 8.63
(C) 6.94
(D) 9.46
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Canadian Income Taxation Planning And Decision Making
Authors: Joan Kitunen, William Buckwold
17th Edition 2014-2015 Version
1259094332, 978-1259094330
