A company has an authorised share capital of 800 000 ordinary shares of $1,00 each. The net profit after taxation for the year is $150 000. The market value of each share is $3,00.

What is the price/earnings ratio?

A5,33

B16

C21,33

D38

ZIMSEC Accounting 9197/1 Paper 1, November 2009, Q2

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