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Pasta Ltd and Omelette Ltd are listed on the Kilda Securities Exchange. The 31 August 2020 closing price of Pasta Ltd shares was $7.93,

Pasta Ltd and Omelette Ltd are listed on the Kilda Securities Exchange. The 31 August 2020 closing price of Pasta Ltd shares was $7.93, whereas the closing price of Omelette Ltd shares was $16.26. Other available information. Shares outstanding Earnings Per Share Book value per share Annual dividend Pasta Ltd 724,500,000 $1.94 $7.25 $1.40 Omelette Ltd 418,500,000 $2.76 $17.70 $1.85 REQUIRED: A. Calculate the dividend gross yield, current P/E, and price to book ratio for Pasta Ltd and Omelette Ltd based on the above information (show all workings). B. Based on information above which firms are profitable? Which indicator(s) need(s) to be considered in this case?

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