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Peter Ltd is a listed company with four million 50c ordinary shares in issue. The following extract is from its financial statements for the year
Peter Ltd is a listed company with four million 50c ordinary shares in issue. The following extract is from its financial statements for the year ended 30 September 20X4.
Profit before tax 900 Income tax expense (100) Profit for the year 800 At 30 September 20X4 the market price of Peter Ltd's shares was $1.50. What was the P/E ratio on that date?
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