Multiple Choice
The market value of one ordinary share in Alberto plc is 600 pence. The profit before tax for the company's latest financial year to 30 September 2019 is £20m. Tax is charged on profit before tax at the rate of 25%. Alberto plc has ordinary share capital of £5m made up of shares with a par value of 20 pence each. Alberto plc has no preference shares in issue. What is Alberto plc's P/E ratio?
A) 1.50
B) 2.00
C) 7.50
D) 10.00
Correct Answer:
Verified
Correct Answer:
Verified
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