Following data are available: Share Capital: 50,000 equity shares of ₹ 10 each 20,000, 10% preference shares of ₹ 10 each Market price per equity share is ₹ 58 Profit after tax ₹ 3,10,000 Rate of tax 30% Equity dividend
CS Executive · Corporate and Management Accounting · PYQS · December 2023
Following data are available: Share Capital: 50,000 equity shares of ₹ 10 each 20,000, 10% preference shares of ₹ 10 each Market price per equity share is ₹ 58 Profit after tax ₹ 3,10,000 Rate of tax 30% Equity dividend paid 20% The Price Earnings ratio is:
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Management
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