Question
You are given the following information regarding Munch Ltd, an unquoted company: Extract from Income Statement for year ended 31st October 2019: Profit before tax
You are given the following information regarding Munch Ltd, an unquoted company:
Extract from Income Statement for year ended 31st October 2019:
|
| |
| Profit before tax | 450,000 |
| Less tax | -140,000 |
| Profit after tax | 310,000 |
| Less Preference Dividend | -70,000 |
| Ordinary Dividend | -150,000 |
| Retained Profit for the year | 90,000 |
Extract from Statement of Financial Position as at 31st October 2019:
| Issued share capital: 300,000 shares at 20 pence | 60,000 |
The P/E ratio of a similar company unquoted company is 9.
(i) What is the earnings per share of Munch Ltd? (Enter your answer in and round to the nearest penny)
(ii) What is the value of 75,000 shares in Munch Ltd using the P/E ratio? (Enter your answer in )
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The Customer Base Audit The First Step On The Journey To Customer Centricity
Authors: Peter Fader, Bruce G.S. Hardie, Michael Ross
1st Edition
1613631618, 978-1613631614
