What will be the price earnings ratio of the company?

Maimalari Ltd had

1. Earning per share 47k
2. Dividend per share 30k
3. Par value of each share N1.20
4. Market price per share N1.50

A. 3.91
B. 3.19
C. 2.95
D. 2.55

Correct Answer:

Option B – 3.19