ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. 

What is the price/earnings ratio?

Answer rating: 100% (QA)

To calculate the priceearnings PE ratio we divide the m... View the full answer