Question 1 a. Flash Gordon Memory's (FGM's) statement of comprehensive income shows R99 200 in earnings before tax (EBIT), an interest expense of R10 470 and R19 300 in preference share dividends with a tax rate of 30%. The company had 5 000 shares issued and 2 000 shares outstanding. if the priceleamings ratio (P/E) is reported as 6,1 and retum on equity is 15%, what is the company's market to book ratio? 1. R0,16 2. R0,37 3. R0,85 4. RO,91 b West coast Yachts generated the following information from its financial statements: Debt ratio Total assets Total asset tumover Market price per share Price/earnings (PIE) ratio Number of ordinary shares issued What is the company's return on equity (ROE)? 1. 6,88% 2. 16,06% 3. 24.10% 4 30,32% 40% R440 000 R8 15 80 000