Darwin Enterprises Financial Information Year 1 Year 2 Year 3 Turnover (Em) 11.40 10.60 8.50 Income (Em) 9.20 3.10 1.10 Assets (Em) 42.30 28.70 32.60 Debt (Em) 9.70 6.50 17.80 Profit Margin (%) 80.70 29.25 12.94 Share Price (pence) 108.00 85.60 56.60 Number of Shares (m*) 50 50 50 "m millions If Darwin Enterprise's Share Price/Income ratio had remained constant from Year 1 onwards, what would the Share Price have been in Year 3? 1 penny = 1/100 of a Pound £ 12.9p 25.7p O 37.3p 48.5p Cannot say

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Darwin Enterprises Financial Information
Year 1
Year 2
Year 3
Debt (Em)
Turnover (Em)
Income (Em)
Assets (Em)
Profit Margin (%)
11.40
10.60
8.50
9.20
3.10
1.10
42.30
28.70
32.60
9.70
6.50
17.80
80.70
29.25
12.94
Share Price (pence)
108.00
85.60
56.60
Number of Shares (m*)
50
50
50
*m millions
If Darwin Enterprise's Share Price/Income ratio had remained
constant from Year 1 onwards, what would the Share Price have
been in Year 3?
1 penny 1/100 of a Pound £
12.9p
25.7p
O 37.3p
48.5p
Cannot say
Transcribed Image Text:Darwin Enterprises Financial Information Year 1 Year 2 Year 3 Debt (Em) Turnover (Em) Income (Em) Assets (Em) Profit Margin (%) 11.40 10.60 8.50 9.20 3.10 1.10 42.30 28.70 32.60 9.70 6.50 17.80 80.70 29.25 12.94 Share Price (pence) 108.00 85.60 56.60 Number of Shares (m*) 50 50 50 *m millions If Darwin Enterprise's Share Price/Income ratio had remained constant from Year 1 onwards, what would the Share Price have been in Year 3? 1 penny 1/100 of a Pound £ 12.9p 25.7p O 37.3p 48.5p Cannot say
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