Given : 6,00,000 Equity shares of ₹10 each fully paid. 8% 2,00,000 Preference shares of ₹10 each fully paid. Profit after tax ₹22,80,000 (Corporate tax rate 30%). Market price of each equity share ₹40. The price earning
CS Executive · Cost and Management Accounting · PYQS · December 2021
Given : 6,00,000 Equity shares of ₹10 each fully paid. 8% 2,00,000 Preference shares of ₹10 each fully paid. Profit after tax ₹22,80,000 (Corporate tax rate 30%). Market price of each equity share ₹40. The price earning ratio will be :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Financial Statement Analysis
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