OUESTION $2$

A$)$ What can the company's P$/$E ratio be used for? What are the problems with using this ratio, especially when valuing a company?

$(5$ marks$)$

B$)$ You were assigned the team leader for the valuation of Precise Limited, a subsidiary for the Accurate Lid. The following data was available as at December $31,2021.$

$\backslash$table$[[$Number of Shares Issued and Outstanding:,$300,000,000$