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The figures in the table below are an extract from the income statement of Boon Co. Reserves are $4.5m. There are 3.5m ordinary shares in issue (nominal value 50 cents each) with a market price of $2.
What is the price/earnings (P/E) ratio? A. 5.6 B. 1.0 C. 4.0 D. 2.8 |