Ambrose Atwater Plc's Results for the Year Ended 31 August

Multiple Choice

Ambrose Atwater plc's results for the year ended 31 August 20X2 included the following information: profit after tax was £6 800 000, tax was £3 200 000 and total dividends paid were £2 000 000.The price of one ordinary share in the company on 31 August 20X2 was £2.92.The number of ordinary shares in issue throughout the financial year ended on 31 August 20X2 was 20 million. What was the company's price/earnings ratio at 31 August 20X2 (to one decimal place) ?

A) 8.6
B) 5.8
C) 11.6
D) 29.2