At 31 May 20X3 Russell plc has a market capitalisation of 13,950,000 with 5,000,000 50p ordinary...

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At 31 May 20X3 Russell plc has a market capitalisation of £13,950,000 with 5,000,000 50p ordinary shares in issue. An extract from the company's income statement at that date is as follows: £000 2,256 (600) 1,656 (536) 1,120 Operating profit Finance costs Profit before taxation Tax Profit for the year What was the company's P/E ratio (to one decimal place) at 31st May 20X3? At 31 May 20X3 Russell plc has a market capitalisation of £13,950,000 with 5,000,000 50p ordinary shares in issue. An extract from the company's income statement at that date is as follows: £000 2,256 (600) 1,656 (536) 1,120 Operating profit Finance costs Profit before taxation Tax Profit for the year What was the company's P/E ratio (to one decimal place) at 31st May 20X3?

Answer rating: 100% (QA)

To calculate the PricetoEarnings PE ratio we need to divide the market capitalization by the e... View the full answer