Used the Following Information to Answer Questions

Multiple Choice

Used the following information to answer Questions.XYZ Ltd is listed on the London Stock Exchange. On 30th June the market price for each its one million shares was £2.50. The company's profit after tax was £600,000 and the directors had paid dividends of 40 pence per share.
-The price/earnings (P/E) ratio is closest to:

A) 4.2
B) 5.5
C) 6.0
D) 7.2